<p>Konica Minolta, Inc.(Konica Minolta) and MGI Digital Graphic Technology (MGI) announced today that they have reached an agreement whereby Konica Minolta will acquire a 10% stake in MGI , valued at 13.7m, through a reserved capital increase. This investment will be dedicated to drive future growth, and is part of a common long term vision to establish a stronger presence in the professional digital printing market.</p><p>Building on a strong relationship that has lasted over a decade, the two business partners have agreed to expand their collaboration by entering into a strategic alliance that leverages both co-development and the co-marketing of existing and future products.</p><p>Creating new and mutually rewarding opportunities, Konica Minolta and MGI will build upon each other's strong history, proven track record of innovation and customer service to create a strong joint effort enabling long term successes.</p><p>This agreement will allow for:MGI to grow to greater heights as a global player, as it gains additional exposure supported by the strong reputation and positioning of Konica Minolta worldwide;Konica Minolta to capitalize on MGI's expertise in the digital printing market and its capacity to innovate;Both companies to devote their best efforts to expand sales of existing and new products, including, but not limited to, the Meteor Digital Press line;</p><p><a href="http://www.pcbdesign007.com/pages/zone.cgi?a=97661">Keep reading...</a></p><p>Read also:</p><p><a href="http://www.printcan.com/news/2014/20140122681.shtml">Konica Minolta teams with MGI</a> (PrintCan)</p><p>Explore: <a href="http://news.google.com/news/more?ncl=dotdo5cGsGtURyMll1avTBxwhU-BM&authuser=0&ned=us">2 additional articles.</a></p>