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The European Ricoh Group acquires its long-term Swiss business partner Celltec AG

London/St.Gallen, January 31, 2008 – Today Ricoh Europe PLC announces the acquisition of Celltec AG, its long standing and important business partner in Switzerland, which marks a new era with exciting growth opportunities.

The Ricoh vision, to be a leader of the 21st century, is complemented by the additional strength of the Celltec organisation. The great value of Celltec with its large customer base provides high quality customer service and considerable strength to the EMEA organisation. At the same time the acquisition makes Celltec a part of the global Ricoh operation, enabling customers direct access to an even shorter path to the Ricoh solutions, products, manufacturing and services.

As a “Ricoh Operating Company”, Celltec shall cooperate and report to Ricoh Europe, maximise on the Mid Term Plan vision and continue to add customer value to support innovation and build strong sustainable relationships by delivering superior performance. Through the strong leadership of Stefan Ammann - CEO, his management team and the entire Swiss Celltec staff, the Ricoh corporate image will be further enhanced as an ”Excellent Company”.

“I am excited by the new challenges that are ahead of us and welcome the Celltec team as part of the European Ricoh “Family” Group”, said Simon Sasaki, Chairman and CEO of the London based Ricoh Europe PLC.

“Today’s Office Automation market is changing rapidly and the increased complexities as well as the increasing client expectations/demands have brought us closer and closer to Ricoh, our partner of over 25 years”, said Prof. Giorgio Behr, Chairman of Board of the Swiss based BBC Group.

Note to editors
Ricoh Europe PLC is the EMEA Headquarters of Ricoh Company Ltd., the leading global manufacturer of office equipment, located in London, United Kingdom and Amstelveen, the Netherlands. Ricoh’s EMEA operations comprise 47 sales subsidiaries and affiliates.  In the fiscal year ended 31 March 2007, revenues from Ricoh’s EMEA operations totalled over € 3.3 billion, accounting for 24.5% of the company’s global revenues. Ricoh’s worldwide sales increased by 8.4% totalling ¥ 2,068.9 billion (€ 13.4 billion).

For further information, please contact:
Ricoh Europe PLC
Peter T. Van der Kaag
Tel.: +44 (0)20 7465 1153
Tel.: +31 (0)20  54 74 153
E-mail: postmaster@ricoh-europe.com
Home page: www.ricoh-europe.com




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