M&A Activity • Jun 23, 2008
M&A Activity
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Venlo, The Netherlands, June 23, 2008 ─ Océ N.V. (www.oce.com), an international leader in digital document management and printing for professionals, today announced it has acquired the French company Intersoft (www.intersoft-ism.com). Intersoft is a distributor of printers, scanners and print media in the wide format graphic arts segment. Amongst other customers, Intersoft assists retail chains in the production of their promotional material.
Intersoft generates annualized sales of approximately EUR 21 million. The company was founded in 1998 and employs more than 60 people. Financial details of the transaction are not disclosed. Océ will consolidate Intersoft effective third quarter 2008.
The company counts numerous large French retail chains among its customers. Billboards, ceiling banners and other promotional material are made on Intersoft printers and print media.
Intersoft develops and sells specialized workflow software for these customers, thereby guaranteeing the uniformity of all promotional material. Océ will be offering this software to customers outside France as well.
The transaction is fully in line with the Océ strategy to accelerate growth in the wide format graphic arts market. This market is expected to grow at about 6% per year. The part of the wide format graphic arts market that current digital technology can tap is estimated at EUR 4 billion.
Océ offers numerous new printing systems in this market: the Océ Arizona 200/250 GT, the Océ ColorWave 600 launched in May 2008, and the Océ CS2224/CS2236 inkjet printer line. The existing Océ TCS300/500 products also have printing applications to handle retail promotional material.
Océ N.V. June 23, 2008
Océ N.V. P.O. Box 101, 5900 MA Venlo, the Netherlands Telephone # 31 77 359 2240 Océ investor information on Internet: http://www.investor.oce.com
Océ is one of the world's leading providers of document management and printing for professionals. The broad Océ offering includes office printing and copying systems, high speed digital production printers and wide format printing systems for both technical documentation and color display graphics. Océ is also a foremost supplier of document management outsourcing. Many of the Fortune Global 500 companies and leading commercial printers are Océ customers. The company was founded in 1877. With headquarters in Venlo, The Netherlands, Océ is active in over 90 countries and employs some 24,000 people worldwide. Total revenues in 2007 amounted to EUR 3.1 billion. Océ is listed on Euronext in Amsterdam. For more information on Océ, visit www.oce.com.
For more information, please contact Océ N.V.: Investor Relations: Press: Carlo Schaeken Jan Hol Vice President Investor Relations Senior Vice President Communications Telephone +31 77 359 22 40 Telephone+31 77 359 2000 E-mail: [email protected] E-mail: [email protected]
This report contains information as meant in article 5:59 jo. 5:53 of the Dutch "Law on financial supervision" (Wet op het financieel toezicht).
Forward-looking statements, which can form a part of this report refer to future events and may be expressed in a variety of ways, such as 'expects, 'projects', 'anticipates', 'intends' or other similar words.
Océ N.V. ("Océ") has based these forward-looking statements on its current expectations and projections about future events. Océ's expectations and projections may change and Océ's actual results, performance or achievements could be significantly different from the results expressed in or implied by these forward-looking statements based on various important factors, risks and uncertainties which are neither manageable nor foreseeable by Océ and some of which are beyond Océ's control.
When considering these forward-looking statements, one should keep in mind these risks, uncertainties and other cautionary statements made in this report or in Océ's other annual or periodic filings.
For a more detailed discussion of these not limited factors, risks and uncertainties that may affect Océ's actual results, performance or achievements, reference is made to the annual report and any other publications made by Océ.
Given these uncertainties no certainty can be given about Océ's future results or financial position. We advise you to be careful with Océ's forward-looking statements, which speak only as of the date on which the statements are made. Océ is under no obligation to update or revise publicly any forward-looking statement, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.
P.O. Box 101, 5900 MA Venlo, the Netherlands Telephone # 31 77 359 2240 Océ investor information on Internet: http://www.investor.oce.com
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