Axon Ivy becomes part of the Ricoh Group
Acquisition in the Swiss IT sector: Ricoh acquires Axon Ivy AG and thus expands its competencies in the field of digital process automation.
Leading Swiss digital process automation specialist Axon Ivy AG announced its acquisition by the Ricoh Group on January 31, 2022. The company will operate as an independent subsidiary of Ricoh in the future. All brands, products and partners will be retained, and all employees will also be taken over, the two companies say.
Ricoh: A partner with international stature
With more than two decades of experience in the development of platforms and solutions for digital transformation, Axon Ivy has acquired an excellent reputation in the industry and built up a loyal customer base, according to a statement to the media. With the Ricoh Group, the Swiss company comes to a global partner with a correspondingly high reach: the Ricoh Group is headquartered in Tokyo and has significant offices around the world. Its products and services reach customers in around 200 countries and regions. In the fiscal year ending March 2021, the Ricoh Group generated global sales of 1,682 billion yen (approximately $15.1 billion).
Axon Ivy will continue under the existing name
As part of the Ricoh Group, Axon Ivy will be able to better meet the increased global demand for digital transformation, the company says. Customers and partners will benefit from increased investment in Axon Ivy's technology, delivery capabilities and market development, it adds. In addition, customers will gain access to Ricoh's global reach and broad portfolio of digital services designed to create a seamless digital workplace experience and help businesses realize innovation, increased security and greater sustainability through technology.
Rolf Gebhard Stephan, CEO Axon Ivy AG, says: "I see tremendous added value in becoming part of the global Ricoh family. We have developed one of the most reliable and easy-to-use platforms for digital process automation. Especially in the DACH region, our track record is impressive. We will continue to focus on our core competencies of technology and flexibility, benefiting in the future from Ricoh's access to all major markets around the world."
Sources and further information: www.ricoh-europe.com and www.axonivy.com
