The Japanese conglomerate Kyocera is planning to buy out the assets of the Tokyo-based KyoCentre, a unit of Kyo Corp. that was once Japan’s largest maker of office equipment.
The deal is expected to close by the end of the year, according to people familiar with the matter.
KyoCeras office equipment, or kyco, portfolio includes desks, desksets, deskswitches, keyboards, calculators, scanners, scannerswitches and scanners.
KyuCo was founded in the 1990s by KyoMasa and KyoKura, two Japanese companies.
It is the largest maker and manufacturer of office products in Japan.
In Japan, kycera is also known as the Japanese office supply company.
The acquisition of Kyco would help Kyoceras global growth as it seeks to diversify its businesses and diversify into new markets.
The company also has plans to open a branch in Shanghai.
Kyocera’s operations in the United States include offices in New York, Los Angeles, Chicago, Washington and the Pacific Northwest.
Kyco’s operations also include office supply in Taiwan and Hong Kong.
The announcement of the acquisition was first reported by Nikkei Asian Review.
Kiyo has been operating as a standalone business since 2015.
The company is expected be a part of a group of Japanese companies that include Kyocara, Kyocare, Kyo-Co and Kyocor.
The news comes just a week after Kyocaras parent company Kyocero Holdings announced a $6 billion merger with a US firm.
Kyrco has been a major player in the office supply business in Japan for decades, with its desks, keyboards and scanners now being used in many major companies.
Kymco, which is headquartered in Tokyo, has long been a dominant player in Japan’s office supply market, with offices for the government, corporate clients and government agencies being a big seller in Japan and overseas.
Kyon, KyoCo’s sister company, has also been a big player in Asia, but Kyoceria is the global leader in the U.S. and Canada, as well as the leader in Japan, with over 50 percent of the U!
Kydco is the leading supplier in the business.