Canon Plans to Acquire I.R.I.S. Group
Canon intends to acquire all shares, warrants and stock options of I.R.I.S. Group through an all cash public tender offer.
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Canon already has a close strategic partnership with I.R.I.S. Group, developed over a number of years, which was strengthened in July 2009 when Canon acquired a 17 percent stake in the company.
Bringing I.R.I.S. Group into the Canon Group will allow both companies to cooperate more closely in developing a range of technology solutions to be able to better serve their customers in the business environment. The bid is part of Canon's plan to further develop its long standing strategy to offer its customers end-to-end office solutions that complement its current world class solutions portfolio and to develop a more consultancy based sales approach.
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