Article: RICOH TO ACQUIRE HITACHI PRINTING SOLUTIONS.

(Full text of a statement. Contact details below.)

TOKYO, April 1 KYODO JBN-AsiaNet - The Ricoh Co., Ltd. (TSE:7752/'Ricoh') and Hitachi, Ltd. (NYSE:HIT/ TSE:6501/'Hitachi') today announced that Ricoh and Hitachi have signed a basic agreement to the effect that Hitachi will transfer all its shares of Hitachi Printing Solutions, Ltd. ('Hitachi PRS'), a 100% owned subsidiary, to Ricoh. Details are as follows.

1. Reasons for the basic agreement Ricoh is committed to strengthening its printer business, an important pillar of its growth strategy. To this end, Ricoh will strengthen product lines for the office color printer market, printers for ...

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