Alberto Mariani, Senior Vice President, Office Services, Ricoh Europe said the acquisition will enable Ricoh customers to gain access to MTI Technology’s expertise and competencies in Cyber & Data Security, Datacentre Modernisation, IT Managed Services and IT Transformation Services.

MTI Technology customers will benefit from Ricoh’s global visibility, continuous support, financial capacity, IT infrastructure and international area of influence. They will also have access to the wide range of Ricoh products, which include document management systems, business process services, production printing solutions, workplace management, digital cameras and industrial systems.

MTI Technology will continue to operate under its existing name as a separate Ricoh entity.

Marian said this acquisition is a genuine game changer in the IT Services space and fits perfectly with Ricoh’s strategy to transform into a digital services company.

“MTI Technology has a strong and capable Board of Directors and European management team and they will all maintain their current roles and responsibilities. Their expertise, along with the company’s existing portfolio of services, supports our ability to offer an even more comprehensive breadth of IT and Digital Services”, he said,

Scott Haddow, CEO, MTI Technology, said that becoming a Ricoh company means "we can take this to the next level".