Ricoh Acquired MTI Technology

Ricoh Europe PLC‘s customers across Europe are set to benefit from enhanced IT services and support through the company’s acquisition of MTI Technology Limited.

Headquartered in the UK, MTI Technology has over 200 employees based across locations in Germany (5), the UK (3) and France (2).

The company has helped thousands of organisations to transform their IT operations by leveraging the latest technologies, reducing operating costs, and becoming more flexible while mitigating risk.

The acquisition will enable Ricoh customers to gain access to MTI Technology’s expertise and competencies in cyber and data security, datacentre modernisation, IT managed services and IT transformation services. Its 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 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.

Alberto Mariani, SVP, office services, Ricoh Europe, says: “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 very 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 abiity to offer an even more comprehensive breadth of IT and Digital Services.“

David Mills, CEO, Ricoh Europe, adds: “This exciting acquisition enables us to expand our IT services expertise across EMEA and to build on our existing competences around data centre transformation, cyber security and other IT transformation offerings. We are acquiring a fast growing and agile IT Services company while inheriting a proven and dynamic leadership team.”

Scott Haddow, CEO, MTI, concludes: “Our mission is to help customers accelerate digital transformation by modernising their IT systems and refining IT operations with security assurance as standard and privacy by design. Becoming a Ricoh company means we can take this to the next level.“

Headquartered in Tokyo, Japan, Ricoh Group operates in approximately 200 countries and regions. In the financial year ended March 2020, Ricoh Group had WW sales of $18.5 billion.

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