Brother Industries Ltd. announced on April 15 that it will buy the document imaging business of Eastman Kodak Co., including scanner operations, for about $210 million. Brother and Kodak have signed a preliminary contract for the purchase, that will be carried out if Brother wins a court-supervised auction for the business, as Kodak is currently in a court-led rehabilitation process.
Brother said (in its press release) that the deal will be closed by the second quarter of fiscal year 2013, if there is no competitor to beat its offer within two months. Brother plans to expand its office equipment business, and boost global marketing, utilizing Kodak’s products and know-how in the DI business.
