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OLIVETTI LASER PRINTER, COPIER VENTURE WITH CANON

Olivetti SpA and Canon Inc yesterday announced formation of a joint venture to manufacture copiers, and later laser printers and facsimile machines, in Italy. Olivetti, with 25% of the Italian, and 2% of the European copier markets – plus another 3% from Triumph-Adler, will hold 50% plus one share in the venture, with Canon the balance. It will initially concentrate on copiers in the 10 to 20 copies a minute class. Canon currently has about 20% of the European copier market.

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