Canon to Buy Océ

In the attempt to stand up to the competition of Fuji and Ricoh who have bought printer makers in the past few years, Canon has made an offer to buy Océ, the largest printer maker in Europe. Canon will be paying $1.1 billion for the Dutch company or 8.6 Euros per Océ share. The deal would give Océ better access to international markets and Canon would gain the technology that it needs in order to remain competitive.