Canon creates new Canon Portugal entity as part of pan-European transformation strategy

Portuguese distributors - Copicanola and Seque II, SA - to be merged to create new fully-owned subsidiary of Canon Europe.

LONDON, July 2, 2007 – Canon Europe, world-leader in imaging solutions, today formally announced the merger of its two Portuguese distributors – Copicanola and Seque II, SA – to form Canon Portugal, a new fully-owned subsidiary of Canon.

The acquisition is part of the continuing transformation of Canon’s organisation across Europe to become a truly pan-European business that benefits from greater organisational efficiencies and delivers improved customer service, for both business and consumer customers, in each individual country in which it operates.

The newly-formed management team at Canon Portugal will help strengthen Canon's presence in Portugal, whilst continuing the strong sales and marketing programmes already established in that country via the two former distributor companies.  There are 245 employees in total working for Copicanola and Seque II, SA, which together produced a turnover of €40.82 million in 2006.

Hajime Tsuruoka, President and CEO of Canon Europe said: “As we celebrate the fiftieth anniversary of Canon in Europe, we remain wholly focused on building a pan-European organisation that delivers optimum value and the highest level of service to its customers and partners regardless of geographic location. This merger of two established Canon distributors to form the new Canon Portugal entity is part of Canon Europe’s overall growth strategy to build brand equity and new business opportunities across our region.”

Media enquiries, please contact:
Will Hart / Alistair Laycock
Nelson Bostock Communications (on behalf of Canon Europe)
t. +44 (0)20 7229 4400
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