In a deal that has been brewing longer than the NHL lockout, Canon Canada finally seal the deal to acquire Oce Canada, a Toronto-based document management and printing provider with offices also in Quebec, Alberta and B.C.
According to a source, Canon Canada’s intention to purchase Océ was announced in 2009, but the actual acquisition took place only recently, with Oce becoming a wholly-owned subsidiary on January 2, 2013.Despite the long wait Kevin Ogawa, president and CEO of Canon Canada, was delighted to welcome Océ Canada into Canon. He added that Oce will play a big role in Canon’s goal of toppling HP Canada to be the recognized No. 1 player in printing. Patrick D’Souza, president of Océ-Canada called the deal a great fit between companies with each having a strong commitment to technology and innovation. Océ offers strength and expertise in areas of production printing and wide format printing that will enhance the overall Canon offering.
Ogawa will serve as chairman and CEO of Océ-Canada, as well as maintaining his role as president and CEO of Canon Canada. D’Souza will continue in his role as president of Océ Canada.
Besides document management and wide-format printing, Oce is also a supplier of office printing and copying systems and high speed digital production printers. The company was founded in 1877.
