Konica Minolta to Discontinue Muratec Brand
Konica Minolta Business Solutions, U.S.A announced today that this year it will retire the Muratec America Muratec America brand this year.
Muratec is a supplier of copier/MFPs and managed document and cloud services in North America. Konica Minolta acquired it 2017. At that time, Konica Minolta contracted for use of the Muratec brand for five years, and will therefore retire the brand this coming year.
The company says move will serve to take advantage of operational efficiencies by streamlining Konica Minolta’s product lines. While the Muratec brand will be officially discontinued, all remaining Muratec branded inventories will be sold until depleted.
Sam Errigo, chief operating officer for Konica Minolta, commented: “When we acquired Muratec, the intention was always to make them part of the company and after five years retire the brand, rather than maintaining two separate product lines,. That time has come, and as we review our business and the projected efficiencies to be realized, we believe this move will have a significant and positive impact on our bottom line.”
Konica Minolta said it’s committed to continuing to deliver the high-quality sales and maintenance business Muratec has provided since its acquisition, and will fully support its dealers and their customers during the transition. In the coming days, Konica Minolta will be contacting all Muratec dealers regarding next steps based on location, market needs, and dealer representation.