Ricoh Acquires IKON

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  • Ricoh-ono
    Technician

    250+ Posts
    • Feb 2008
    • 338

    #1

    Ricoh Acquires IKON

    I read today where Ricoh bought out IKON for $1.617 billion (USD). I never saw that one coming. This should be interesting how it plays out in the next couple of years.
    Do what you can, with what you have, where you are. ~Theodore Roosevelt
  • Wishbone
    Trusted Tech

    100+ Posts
    • Feb 2008
    • 100

    #2
    Yeah it's been brought up in the business talk section...

    http://www.copytechnet.com/forums/bu...ying-ikon.html

    Comment

    • b003ace
      Technician

      50+ Posts
      • Jun 2008
      • 78

      #3
      It will be interesting to see what happens to all their other dealers. Many of the small dealers are make or break based on RMAP service income. Now Ricoh will have their own field service fleet, so they will probably run all the RMAP calls themselves.

      I wonder if ComDoc saw this coming? As one of Ricoh's larger dealers, if not largest, they probably stand to lose the most.

      I wonder what Canon will do, or who they will buy? Canon is notorious for canceling dealers who are bought by competitors. Just ask any of the Toshiba dealers who also sold Canon. Will they cut their largest dealer's nose off to spite their own faces?

      Comment

      • Ricoh-ono
        Technician

        250+ Posts
        • Feb 2008
        • 338

        #4
        Ikon has been servicing machines by multiple manufacturers for a number of years now. If they sever ties now than it's only going to benefit Ricoh. The split is going to happen inevitably. Ricoh can't strive to be number one while selling a competitor's product. About 8 years ago, Ricoh bought Lanier and shortly after that they only sold Ricoh products. All the Toshiba, Sharp, & Panasonic machines were phased out.
        Last edited by Ricoh-ono; 09-06-2008, 02:51 AM.
        Do what you can, with what you have, where you are. ~Theodore Roosevelt

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        • Llama God
          Service Manager

          1,000+ Posts
          • Mar 2009
          • 1353

          #5
          And the redundancies just keep on coming...

          Comment

          • Gamut
            Trusted Tech

            Site Contributor
            100+ Posts
            • Jul 2008
            • 216

            #6
            Please enlighten (And the redundancies just keep on coming...) whats the latest?

            Comment

            • Llama God
              Service Manager

              1,000+ Posts
              • Mar 2009
              • 1353

              #7
              The last I heard they'd just got shot of a fistful of salesmen.

              Comment

              • Kopyrtek
                Copier Psychologist

                250+ Posts
                • Jan 2007
                • 407

                #8
                Now your sales people have to deal with the Savin/Lanier/Ricoh deals.Already been through one deal that we lost cuz "big brother" got a better CPC than we could offer.Along the lines of .0024 if i remember correctly.
                Dont know and now is time for a new beer!!!

                Comment

                • Llama God
                  Service Manager

                  1,000+ Posts
                  • Mar 2009
                  • 1353

                  #9
                  You're not wrong there, some of the click charges flying around these days are woeful. That possibly says something about the sales rats who are buying the business rather than selling anything. They'll still be making a decent lumper at the front end though, dragging the service margin down to 3/5 of bugger all and hampering the chances of us technical chaps getting a payrise.

                  On the plus side though, the colour kit's not too shabby these days and that bodes well for the future.

                  Comment

                  • schooltech
                    School District Tech

                    500+ Posts
                    • Jun 2008
                    • 504

                    #10
                    Wow, less than a 1/4 of a penny per page? I could see it closer to a 1/2 a penny, but damn.......

                    I don't mess with this anymore, as I just buy wholesale boxes and fix them for a few years, but when I was in the sales/service game, it got a bit frustrating to hear about constant 'missed deals' by .0001 or some ridiculous margin, but the customer thought they'd be saving 40.00 over the service life, yada, yada, yada.

                    With Ricoh involved, they'll give IKON some VERY aggresive pricing for boxes, or turn many of them to corporate locations. I haven't read into the details, so they may have a different philosophy. I know that Xerox, when they bought Global Imaging, offered Global more aggresive pricing than Xerox would give their own dealers in the same town, due to Global's agreement. It's just how Ricoh pulled out of Global Imaging when Xerox purchased Global. They needed someone else to partner up with from the way it looks.
                    Bachelor of Science in Information Technology, Comptia A+, Comptia Network+

                    Comment

                    • Agent777
                      Junior Member
                      • Jan 2009
                      • 6

                      #11
                      Originally posted by Ricoh-ono
                      About 8 years ago, Ricoh bought Lanier and shortly after that they only sold Ricoh products. All the Toshiba, Sharp, & Panasonic machines were phased out.
                      One of the happiest days of my life. Those Sharps and Panasonics were nightmares.

                      Comment

                      • Ricoh-ono
                        Technician

                        250+ Posts
                        • Feb 2008
                        • 338

                        #12
                        I would agree. I hated working on the Lanier 6714 (Sharp).
                        Do what you can, with what you have, where you are. ~Theodore Roosevelt

                        Comment

                        • Lagonda
                          Service Manager

                          Site Contributor
                          1,000+ Posts
                          • Aug 2008
                          • 1649

                          #13
                          Originally posted by Llama God
                          The last I heard they'd just got shot of a fistful of salesmen.
                          Well thats one bit of positive news from this recession!
                          At least 50% of IT is a solution looking for a problem.

                          Comment

                          • Shadow1
                            Service Manager

                            Site Contributor
                            1,000+ Posts
                            • Sep 2008
                            • 1642

                            #14
                            Originally posted by Ricoh-ono
                            I would agree. I hated working on the Lanier 6714 (Sharp).
                            That was one machine I could make run fairly well - the 6616 (Sharp) was a piece of junk though. Not sure if it was worse than a 6517 (Panasonic) but they both were worse (barely) than a MP4000.

                            Lanier did sell the 5722 for and LC031 (Toshiba FC-22 and its bigger brother) for a long time after the buyout - not that I'd be proud of those machines either.

                            ...ahhh, the good 'ol days
                            73 DE W5SSJ

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