IT NewsMarket NewsIT Market
Konica Minolta increases its stake in MGI
Ekaterina Alexandrova | 10/12/2020
The company announced an increase in investment in MGI Digital Technology (MGI), a digital printing equipment manufacturer.
MGI was founded in 1982 and is based in Fresnes, France. It currently has 204 employees. MGI’s revenue for 2019 was EUR 68.17 million.
Konica Minolta and MGI entered into a strategic cooperation agreement in 2014. In September 2020, the company increased its investment in MGI to 42.3%, through which it plans to expand its range of digital printing equipment.
This was another step towards creating an integrated system in which all printing processes, as well as prepress and finishing are carried out automatically, Konica Minolta notes. The company expects to expand its presence in the industrial printing market.
Konica Minolta entered the industrial printing market in 2016. Over the past four years, the company’s business in this area has approximately doubled. The company considers the packaging printing market as a key segment: according to forecasts of Konica Minolta experts, its annual growth will average 15% from 2018 to 2028.
MGI digital beautification machines are equipped with Konica Minolta inkjet printheads. They help increase the added value of the finished product through additional capabilities such as foiling and 3D spot varnishing. MGI also develops in the field of electronic circuit printing and other types of industrial printing.
During the pandemic, demand in some industrial printing markets temporarily declined. However, Konica Minolta believes that in the medium to long term, demand for industrial printing will shift towards print on demand. At the same time, following the change in demand, the pace of transition from analog to digital printing will also increase.
The digitalization of post-press is becoming increasingly important. Earlier MGI became the first company in the world to bring devices for this purpose to the market. The resulting strategic partnership between MGI and Konica Minolta is expected to help bring together the expertise, technology and global sales networks of the two companies.
Konica Minolta | Konica Minolta