Konica Minolta takes stake in MGI

By Simon Nias, Thursday 23 January 2014

Be the first to comment

Konica Minolta has entered into a strategic alliance with MGI Digital Graphic Technology and taken a 10% stake in the French manufacturer, which makes a range of digital print and finishing equipment.

ac3ab19aa972b92fb1770b535995b8f9

MGI's Meteor Digital Press will be sold by both MGI and Konica Minolta

Konica Minolta's stake in MGI is valued at €13.7m (£11.2m), with the investment taking the form of a reserved capital increase, the funds from which will be used to drive future growth.

In a joint statement the two companies said that their new alliance would include co-development and co-marketing of existing and future products and that both companies would "devote their best efforts to expand sales of existing and new products".

In practice this will not involve the cross-selling of one anothers products but rather the referral of relevant customers to the existing distribution partner.

The initially focus of this sales drive would appear to be MGI's Meteor digital press line (the only product specifically named in the statement) which is based on a Konica Minolta print engine but includes significant amounts of MGI's proprietary technology.

This has had the effect of turning it into a much more flexible machine, capable of printing on a wider range of substrates - including paper, plastics and envelopes; a wider range of formats - from 100x148mm up to 330x1,020mm; and at a higher quality - comparable with HP Indigo.

As such the Meteor DP8700XL and the Bizhub Press C8000e on which it is based are not actually competing products. In addition to the technological differences, the MGI machine does not use a click charge, opening up the option of printing things like envelopes which would otherwise be too expensive.

Konica Minolta cited MGI's "expertise in digital printing" and its "capacity to innovate" as motivating factors in the deal, while MGI hopes to benefit from the additional exposure it will get via Konica Minolta's global network and brand reputation.

Edmond Abergel, chief executive and chairman of MGI, said: "We are very happy and proud that Konica Minolta recognizes our accomplishments and our unique capacity to innovate. This strategic alliance will be the basis for the development of tomorrow's innovative digital solutions."

Another area of potential interest will be in the two companies' fledgling inkjet offerings, where both are about to launch B2 sheetfed presses, running at similar speeds, the same 1,200dpi resolution and both using UV-cured inks.

Konica Minolta's press, the KM-1 (developed in partnership with Komori, which supplied the chassis and will also sell the press under it's own brand as the IS29) is a 3,300sph simplex (1,650sph duplex) four-colour machine (although five and six-colour versions are planned).

Meanwhile, MGI's Alphajet - shown as a concept at Drupa - is a 3,000sph simplex machine (duplex is planned but speed hasn't been confirmed), capable of printing up to six colours including an in-line white and UV coat.

MGI said that it was targeting a different profile of customer with its B2 inkjet machine than Konica - for instance it will target packaging customers with the Alphajet - so it did not envisage much crossover, although there is the possibility Konica could licence some of its technology.

Share this

Related headlines

Konica Minolta makes progress with B2 inkjet
17 May 2013

Konica Minolta showed samples of the latest output from its KM-1 B2 inkjet press at this week's North...

Drupa update: when will concept become concrete?
31 January 2013

Predictions about the availability of digital machines shown at last year's show were pretty vague. Nine...

MGI enters B2 inkjet arena with Alphajet launch
26 March 2012

Digital press manufacturer MGI has said the market "is ready for B2 inkjet" after announcing its foray...

Konica plots an inkjet revolution
18 December 2012

Konica Minolta said it will leave behind "competitors in the Old World" with the new B2 inkjet press...

Komori announces digital partnership with Konica Minolta
29 February 2012

Komori has made its foray into the digital print production market after signing a global sales agreement...

Star Product: MGi Meteor DP8700 XL
16 November 2011

Four-colour press offers bespoke options for printers of all kinds

Star product: Konica Minolta bizhub Press C8000e
09 December 2013

A “robust” option for fast-turnaround jobs.

This Issue

Latest comments