In early February 2018, Fuji announced the takeover of Xerox in a US$ 6 billion deal that will make Fujifilm 50.1% majority shareholder in a combined entity expected to clock annual revenues of US$18 billion. The deal is expected to close in the second half of 2018, following the regulatory approvals and the approval of Xerox shareholders. Both the companies are present with their own subsidiary marketing and sales operations in India. However, thus far there is no information or clarity on the implications of the Fujifilm takeover as far as the operations of the new entity in India.
At the Hyderabad PrintFair held from 9 to 12 March 2018, Xerox India showcased a range of digital production presses including the Versant 180, the Versant 3100 along with its entry-level Color C70 press. The Versant 180 is an entry-level mid-production color press permitting greater media variety and higher duty cycles. The Versant 3100 is a faster mid-production color digital press that offers optimized alignment, color calibration and several finishing options.
“Our participation at PrintFair reinforces our presence in Hyderabad and also enhances our business in the region. I am happy to say that the response has been overwhelming,” said Balaji Rajagopalan, executive director – Technology, Channels & International Distributor Operations, Xerox India. “With a commit to maintain our leadership in the digital printing segment, we continue to ensure our innovative technology meets all customer needs—today as well in the future. Our display at PrintFair reflected this vision and we are glad that it received such a warm welcome. The Southern region plays a very significant role contributing about one-third to the Xerox India business, which is another reason why we are extremely delighted to be here in Hyderabad.”