<p>Konica Minolta, Inc. and MGI Digital Graphic Technology (MGI) announced today that they have reached an agreement whereby Konica Minolta, Inc. 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, Inc. 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.This agreement will allow for:</p><p>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, Inc. worldwide;Konica Minolta, Inc. 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.myprintresource.com/press_release/11297209/konica-minolta-and-mgi-digital-graphic-technology-enter-into-a-strategic-alliance">Keep reading...</a></p><p>Read also:</p><p><a href="http://www.worldpressonline.com/PressRelease/konica-minolta-and-mgi-digital-graphic-technology-enters-into-a-strategic-alliance-41881.html">Konica Minolta and MGI Digital Graphic Technology enters into a strategic alliance</a> (WorldPressOnline (press release))</p><p>Explore: <a href="http://news.google.com/news/more?ncl=d2DeXe6FLSrGkNMHdP5OfWbIawwXM&authuser=0&ned=us">5 additional articles.</a></p>