Canon Europe has acquired a 35 per cent stake in German VAR NT-Ware.
Established in 1998, NT-Ware delivers workflow and business process improvement solutions to the printing, manufacturing and retail industries across EMEA, and has a workforce of 23.
Based in Bad Iburg, Germany, NT-Ware has been a business partner of Canon since 1999 when it entered a strategic partnership with Canon for the distribution of its flagship product - uniFLOW Output Manager – by Canon throughout EMEA.
Hajime Tsuruoka, president and chief executive of Canon Europe, said: “We look forward to working in partnership with the team at NT-Ware to develop solutions that add real value to our customers and further differentiate Canon from its competitors.”
Karsten Huster, managing director of NT-Ware, added: “Canon is already a strategic business partner and major customer and we look forward to formalising our collaboration with them. The company’s reputation for technology innovation and huge focus on R&D offers exciting development potential for us and more importantly, promises unrivalled print and document management solutions for Canon’s customers.”
The deal will realise a 70 per cent share holding for Canon over a two year period.
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