Canon currently holds an approximately 90 percent stake in Océ. Going forward Canon and Océ will work closely together to leverage their complementary strengths in technology and distribution in the Chinese market place.
"Canon China continues to grow beyond expectations in 2011 and the presence of Canon Expo Shanghai demonstrates the importance to us of the Chinese market," said Hideki Ozawa, President, Canon Asia Marketing Group and CEO, Canon China. "Our strategy together with Océ is to become the No. 1 vendor in China and Asia in the professional digital printing arena." Canon China registered a nearly 40 percent growth in the year 2010 and, despite the impact of the earthquake and tsunami in Japan, is targeting significant sales growth this year.