Konica Minolta Speaks to the Fujifilm Joint Venture MOU

By Riley McNulty, Keypoint Intelligence: At 8:30 am on April 15, Konica Minolta Business Solutions U.S.A. held a press conference to shed light on the newly announced memorandum of understanding (MOU) to form a joint venture with Fujifilm Business Innovation.

The meeting, however, started with some clarifying notes on the implications of the recent global optimization announcement. Sam Errigo, President and CEO of Konica Minolta Business Solutions U.S.A., noted that this prior announcement applied to all of Konica Minolta Inc. and not just the Business Technologies unit. Although a 2,400-person reduction in workforce was announced, there is minimal impact on Konica Minolta’s US operations as this was a global announcement impacting all business units. As a result, Konica Minolta in the US will not be selling any direct branches or All Covered, its IT property.