Following yesterday’s rumours, Ricoh and Toshiba Tec have now confirmed an agreement to co-develop and manufacture multifunction printers (MFPs). The OEMs will form a joint venture – owned 85% by Ricoh and 15% by Toshiba Tec – that will be merged into an existing Ricoh entity called Ricoh Technologies. Five Toshiba employees will be involved in the transaction.
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