Canon Merger With Oce Cleared By EU
The merger between Japanese printing giant Canon and European firm Oce has been cleared by the European Commission, paving the way for the final stages of the deal.
Canon, which also manufactures and sells ink and toner cartridges, initially announced the deal to merge with the Dutch copier and printer company last month.
The EU competition regulators said that the union would be legal.
In a statement, the Commission said: "The parties would continue to face several strong competitors in all market sectors. The Commission therefore concluded that the proposed transaction would not give rise to competition concerns."
The companies also have very little overlap, with Canon having a strong base in regular office supplies and machinery, but only a mid-level market share in the production of printers.
Oce specialises in high-end and larger-sized printers, allowing the Japanese firm to greater challenge other industry heads such as HP and Xerox.
By Ramsey Dehani.