14 February 2008 – TOSHIBA TEC Europe, a leading retail and industrial automation solutions provider, announced that TOSHIBA TEC Corporation acquired the Auto ID business from Tohoku Ricoh Co., Ltd., a 100% owned subsidiary of Ricoh Company. Prior to the transfer, Tohoku Ricoh separated its Auto ID division and established AI Solutions Co., Ltd., in October 2007. TOSHIBA TEC purchased the 100% share of the AI Solutions Co., Ltd. on December 28, 2007 and completed the acquisition.
AI Solutions Co., Ltd. has been specialised in development, manufacturing and sales of Auto ID systems with the annual turnover of 3 billion Yen, and TOSHIBA TEC expects to enhance the resource of auto ID solutions with this acquisition.
About TOSHIBA TEC
TOSHIBA TEC Europe (TERIS) manages product planning, marketing, sales, service support and distribution of barcode printers, point of sale systems, cash registers, scales, peripherals and software information systems throughout Europe, the Middle East and Africa. As a total solution provider, TOSHIBA TEC Europe offers a complete package from consulting and system design to system installation, operation and maintenance. Headquartered in Brussels, Belgium TERIS has three divisions: the Retail division; the Auto ID division and the Services division.
TERIS is an independent operating company of Toshiba Corporation, the sixth largest electronics/electrical equipment company and the world's 72nd largest company in terms of sales. Ranked by Fortune magazine as the 7th Most Admired Electronics Company in the World, Toshiba Corporation is a world leader in high technology products with more than 300 major subsidiaries and affiliates worldwide. Fiscal year revenue in 2005 was approximately $54.5 billion.
TOSHIBA TEC Europe Retail Information Systems
Tel: 0870 890 7200
Fax: 0870 890 7350