Kilburn Office Automation inks business transfer pact with Kyocera Mita

Kilburn Office Automation (KOAL) has entered into a Business Transfer Agreement (BTA) with Kyocera Mita India, a 100% subsidiary of Japan based Kyocera Corporation, to divest the Copier Division Undertaking to them as a going concern on a Slump Sale basis, subject to fulfillment of conditions precedent. The transaction is expected to be completed by August 31, 2011.

Currently, KOAL has a dynamic presence in the market segments like, Document Management Products/Solutions, Information Technology Enabled Services, Drawing Office Equipments, Banking & presentation Products/Solutions and Mailing Products & Solutions, where it is involved in supplying equipments services & solutions.