Global IT corporation FPT’s Japanese subsidiary, FPT Japan and Konica Minolta have announced the establishment of a joint venture, KONICA MINOLTA FPT Solution Labs Inc., to fortify software development capabilities, boosting business growth in the office solutions sector.
Built on an ongoing successful partnership since 2017, KONICA MINOLTA FPT Solution
Labs is scheduled to be established on
April 1, 2024, headquartered in Tokyo with a subsidiary in Hanoi, Vietnam. The new joint venture will be managed by Konica Minolta, with a shareholding ratio of 59% and 41% for Konica Minolta and FPT Japan, respectively. Its main focuses are software development for multifunction printers and related businesses entrusted by Konica Minolta and its group subsidiaries.
In a statement the companies said leveraging FPT’s extensive technology expertise and resources, together with Konica Minolta’s long-time experiences and industrial know-how, this synergy will address the increasing demand for advanced print management software with tailored and cutting-edge solutions.
The establishment of this joint venture underscores a new height in the partnership between the two companies, fostering Konica Minolta’s global business across approximately 150 countries worldwide. KONICA MINOLTA FPT Solution Labs also sets its sights on other peripheral areas of the industry, such as smart office solutions and untapped software solutions potentials.
