The MGI JETvarnish 3D converting line with iFoil module
An agreement with MGI Digital Technology to acquire an additional stake in the company has been signed by Konica Minolta (KM). The two companies first announced their strategic alliance in early 2014 when KM acquired 10% of MGI.
KM said that the enhanced alliance with MGI meets a number of objectives. By utilising skilled R&D power to develop unique products, it will further accelerate its initiatives for application development in the special printing systems, including package printing and 3D component printing. In response to the needs for decoration printing in the label and package space, KM’s enhancement in the product line through synergy creation, including joint development with MGI, will give the company a solid and strong presence within the digital package printing market and drive expansion in the growth field of production printing.
Intending to acquire 30.5% of MGI’s shares in April 2016, this move will take KM’s total stake to 40.5%.
