Page 5 - It Amp Eos News Today

Aftermarket print consumables vendor KMP has appointed the son of CEO Jan-Michael Sieg to head its Parts Depot subsidiary. Jonas Sieg has been in charge of the business since 1 September. He is the grandson of KMP founder Hans Sieg, while his father has been CEO of the company for almost 24 years. A recent

At the end of September, European aftermarket print specialist Armor announced the acquisition of THS, a Germany-based group that offers solutions in printing consumables, spare parts and MPS software for photocopiers and printers. Speaking to OPI shortly after the deal was announced on 28 September – although it closed at the start of August –

Xerox is embarking on a multiyear transformation plan it is calling Reinvention. Reinvention, which was announced as the company published its Q3 2023 earnings, is being touted as a simplification of the OEM that will “facilitate Xerox's shift from a leader in print technology to an unparalleled technology and service provider”. While the firm said

Tech products and solutions provider Logitech has raised its FY24 outlook after its Q2 results came in ahead of expectations. The company has been suffering from steep post-COVID revenue declines in the past few quarters. While Q2 sales of $1.06 billion still represented a 9% constant currency drop, they were ahead of previous forecasts. At

Cartridge Technologies (CTI), a major supplier of MPS solutions for the US federal government, has been acquired by CenterGate Capital. Middle-market private equity firm CenterGate has bought CTI from another investment firm, Broadtree Partners, which had purchased the MPS provider in 2020. Founded in 1990, CTI is a contractor to the federal government and provides

Representatives of Ninestar and the US government will hold an online ‘status conference’ next week as part of the Chinese manufacturer’s legal challenge to its import ban into the country. One of the things they will discuss is the extent to which the defendants present the information that led to Ninestar and several of its

Print research organisation Quocirca has said vendors need to offer more clarity around the sustainability credentials of their products, or risk losing their competitive position. According to Quocirca’s Sustainability Market Trends Study 2023, 69% of surveyed employees from SMBs, midmarket organisations and large enterprises said their companies formally track the environmental performance of their print

In a court filing published last week, the US Department of Homeland Security (DHS) outlined why it had banned imports from Ninestar and several of its subsidiaries. As OPI readers will recall, the DHS imposed a ban on Ninestar in June in relation to the Uyghur Forced Labor Prevention Act (UFLPA). In August, the China-based

Xerox has sold its Russia-based subsidiary, it has confirmed. In a statement on its corporate website, the OEM said: “At the onset of the conflict, Xerox limited its operations in Russia. These limited operations included business with only specific clients and partners in full compliance with all applicable government-issued sanctions. Xerox is now exiting its

The second part of OPI’s focus on HP Inc’s Securities Analysts Meeting (SAM) that took place this week. While HP’s President of Imaging, Printing & Solutions Tuan Tran spoke at length about initiatives in the home and consumer segment (see yesterday’s story), it was not the case in the office space. This might seem surprising