Financial History
On June 1, 2007 Ricoh initially acquired 51 percent of the joint venture from IBM that was InfoPrint Solutions Company. Over a three year period, Ricoh progressively acquired the remaining 49 percent as the joint venture evolved into a fully owned subsidiary of Ricoh.
As consideration for the transaction, IBM received $725 million in cash upon closing, which includes a management fee of $35 million. Final consideration for this transaction was determined at the end of the three-year period based upon the participation in the profits and losses recorded by the equity partners.
Ricoh Production Print Solutions (RPPS) is central to Ricoh's efforts to become a leading global provider of complex, data-driven, high volume, digital production output solutions and professional services.
A global leader in digital office solutions, Ricoh constantly creates new value at the interface of people and information, offering a broad range of digital, networked products, including copiers, printers, fax machines, semiconductor-related products, DVD/CD media and digital cameras. Ricoh operates in more than 100 countries and employs 109,000 people worldwide. Consolidated sales for the year ending March 2011 was $23.8 billion. For additional information about Ricoh, please visit www.ricoh.com
