Press Release |
Kodak Announces Agreement to Acquire Scanner Division of BÖWE BELL + HOWELL
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Acquisition Will Expand Customer Value ROCHESTER, N.Y. & WHEELING, Ill.--(Business Wire)-- Eastman Kodak Company and BÖWE BELL + HOWELL announced Kodak`s agreement to acquire the scanner division of BÖWE BELL + HOWELL. The scanner division is a leading supplier of production document scanners to value added resellers, systems integrators, and end users. Based in the greater Chicago area, the scanner division is a worldwide business with locations in North America, Europe and Asia. BÖWE BELL + HOWELL`s portfolio of document scanners consists of complementary products in respect to Kodak Business Solutions & Services` document imaging product range. "Kodak is a leader in document imaging and we are committed to investing in and growing our capabilities to better serve customers," said Philip J. Faraci, President and Chief Operating Officer, Eastman Kodak Company. "We expect this acquisition, when completed, will enable us to expand customer value by providing a wider choice of production scanners, greater technological innovation to help us bring new, exciting products to market faster, and will enhance global access to service and support for channel partners and end user customers worldwide." BÖWE BELL + HOWELL document scanners, used by general office, healthcare, financial services, insurance, government, legal and service bureau markets, include: * Spectrum XF Scanners that feature BÖWE BELL + HOWELL proprietary camera technology and high scanning speed for reliable, cost-effective document capture in color, grayscale and black-and-white * Trūper Scanners that offer high scanning speed and high daily throughput in a compact design * Wide format Infinity WF Scanners that capture oversized documents, such as maps and blueprints, up to 48 inches in width * Sidekick Scanners that provide professional level document capture for small offices "BÖWE BELL + HOWELL enjoys a well-established and highly regarded track record of developing quality products and delivering them to thousands of end-users around the world through a broad, committed channel of value-added distributors and resellers," said Marvin Isles, Chief Executive Officer, BÖWE BELL + HOWELL. "Importantly, our products are well-known to Kodak; the company has provided field service to BÖWE BELL + HOWELL scanners since 2001. We believe our two great product lines supported by a strong channel and reliable service will serve our customers well." "We look forward to having the scanner division of BÖWE BELL + HOWELL join Kodak`s exciting and fast paced enterprise management business and to help us achieve our aggressive goals for future growth," said Dolores K. Kruchten, General Manager, Business Solutions and Services and Vice President, Eastman Kodak Company. The parties anticipate this transaction will be completed by the end of the first quarter of 2009. Terms of the transaction were not disclosed. KODAK Products are backed by KODAK Service and Support. KODAK Service and Support is made up of more than 3,000 professionals reaching more than 120 countries. It is a leading multi-vendor integrated services provider, delivering consulting, installation, maintenance and support services for the commercial printing, graphic communications, document imaging and data storage industries. KODAK Service and Support professionals are uniquely qualified to provide services that control costs, maximize productivity, and minimize business risk. About Kodak As the world's foremost imaging innovator, Kodak helps consumers, businesses, and creative professionals unleash the power of pictures and printing to enrich their lives. To learn more, visit http://www.kodak.com and follow our blogs and more at http://www.kodak.com/go/followus. More than 70 million people worldwide manage, share and create photo gifts online at KODAK Gallery --join for free today at www.kodakgallery.com. About BÖWE BELL + HOWELL Scanners BÖWE BELL + HOWELL Scanners is always adding value to its full line of fast and dependable scanners to help organizations easily and cost-effectively transform documents into flawless digital images. BBH constantly innovates to meet customers' imaging needs with its Spectrum XF Series, Trūper Series, Sidekick Series and wide-format Infinity WF. Based in the Chicago area, BÖWE BELL + HOWELL Scanners has an international presence selling scanners through a worldwide channel of distributors and value-added resellers. The company is a business unit of BÖWE BELL + HOWELL. For more information on BÖWE BELL + HOWELL Scanners, please visit www.bbhscanners.com About BÖWE BELL + HOWELL Headquartered in Wheeling, Ill., BÖWE BELL + HOWELL, a company with more than 70 years of industry experience, is a leading provider of high-performance document management solutions and services. The company's portfolio of inserting, sorting, plastic card, integrity, cutting, packaging, print-on-demand and software solutions is the most comprehensive product offering for paper-based and digital mail communications. These solutions are supported by one of the largest dedicated service organizations in the industry. For further information on BÖWE BELL + HOWELL, please visit www.bowebellhowell.com. (Kodak is a trademark of Eastman Kodak Company.) (BÖWE BELL + HOWELL and the Böwe Bell + Howell logo are trademarks or registered trademarks of BBH, Inc.) 2009 Media: Kodak Christopher Veronda, +1 585-724-2622 firstname.lastname@example.org or Trade Media: Kodak Beth Hogan Scott, + 1 203-845-7115 Elizabeth.HoganScott@kodak.com or Jack Kasperski, +1 585-724-5130 Jack.Kasperski@kodak.com or BÖWE BELL + HOWELL Scanners Jackie Horn, +1 847-423-3024 email@example.com or The Reynolds Communications Group Mack Reynolds, +1 312-541-9300 (ex. 105) firstname.lastname@example.org Copyright Business Wire 2009