Canon and Océ Combining Operations in Switzerland

Canon and Océ will combine their printing operations in Switzerland, following the completion of the public offer of Canon Inc. for Océ outstanding common shares, in an effort to create the overall number-one presence in the printing industry.

To facilitate this combination, Canon Europa N.V., a 100 percent subsidiary of Canon Inc., and Océ N.V. have reached an agreement for Océ N.V. to sell 100 percent of Océ (Schweiz) A.G. to Canon Europa N.V. Océ (Schweiz) A.G. accounts for 3 percent to 4 percent of overall Océ revenues. The transaction price amounts to EUR 15.9 million.