MGI, based in France and the US, is a manufacturer of digital presses and a complete line of versatile finishing solutions. The 10% stake acquired by Konica Minolta is valued at €13.7m ($18.9m).
Edmond Abergel, chief executive and chairman of MGI, said: “We are very happy and proud that Konica Minolta recognizes our accomplishments and our unique capacity to innovate. This strategic alliance will be the basis for the development of tomorrow’s innovative digital solutions.”
This investment will be dedicated to drive future growth establishing a stronger presence in the professional digital printing market.
As part of this alliance, MGI will maintain its independence and will remain autonomous in defining its strategic axes in the midst of a rapidly evolving industry landscape.