Kyocera Mita India acquires copier division of Kilburn Office Automation
17 Aug 2011
Kyocera Mita India, a subsidiary of Japan's $15.3 billion Kyocera Group, yesterday said that it has acquired the copier division of Kilburn Office Automation, in order to expand its sales and service centres across the country.
Although both companies have not disclosed the financial terms of the deal, The Wall Street Journal, citing two people familiar with the matter said that the transaction will be worth more than 1 billion yen (Rs58 crore).
Through this deal, Kyocera Mita India has acquired the nationwide network of equipment sales offices, service centers and customers from Kilburn,, which will extend the Japanese group's sales and service coverage across most parts of India.
Kolkata-based Kilburn has a nationwide network of 13 sales offices and service centers and 108 employees, while Gurgaon-based Kyocera Mita India has four sales offices and 60 employees.
Kilburn's business activities include document management products, drawing office equipments, mailing products and information technology enabled services. Its products include digital copiers and printers, ammonia printers, note counting machines, fake note detectors, digital franking machines, note exchange machines and others.
The acquisition is part of the Kyoto-based group plan to become a leading supplier of printers and multi-functional printers in India within three years and triple sales by March 2014 in China, India, Korea and ASEAN countries.
