UK’s Kodak Pension Plan (KPP) has finally completed their acquisition of the Personalised Imaging and Document Imaging businesses from Eastman Kodak Company, and launched a new company! Now known as Kodak Alaris and retaining the Kodak brand name legacy, the new company has been granted a perpetual license to use the Kodak brand name and will be focusing on ongoing, strategic investments for long-term success and growth.
Independent chairman of KPP, Steven Ross, said: “Our excitement around the acquisition of these businesses comes not just from their market strength, but from what we see as long-term, highly successful growth opportunities; a new chapter or a storied brand.”
Dennis Olbrich and Dolores Kruchten, presidents of Kodak Alaris’ Personalised Imaging business and Kodak Alaris’ Document Imaging business respectively, will head the leadership for the new company of over 4,700 employees in around 30 countries worldwide.
Kruchten explained: “Innovation has always been critical to our success and it will be a cornerstone of our businesses. We will increase our commitment to pioneering new products and solutions, delivering industry-leading services and support that our customers know and trust.”
Olbrich added: “Our new owner shares the same high commitment to our Kodak Alaris’ Personalised Imaging and Document Imaging customers. The priority is to continue to meet and exceed the needs of customers and consumers, continuing a solid tradition of customer service, all made possible by our committed and talented employees.”
More info here.