Olivetti, Toshiba to link
NZPA-Reuter Milan A link-up in Japan between Olivetti, Italy’s leading office automation group, and Toshiba, a major Japanese electronics firm, has been described as a bold step towards Olivetti’s goal of a world-wide market presence. The deal was also viewed as a prelude to a “strategic alliance” between the two firms and the United States telecommunications giant, American Telephone and Telegraph, which holds 25 per cent of Olivetti. Under the deal, Toshiba will acquire a 20 per cent stake in Olivetti’s Japanese subsidiary, with annual sales of around SNZI76 million and supply office automation equipment to Olivetti.
“This agreement is clearly the latest move in Olivetti’s grand design of forming alliances with companies throughout the world
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Press, 16 May 1985, Page 31
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120Olivetti, Toshiba to link Press, 16 May 1985, Page 31
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