Ricoh acquires Spanish and Portuguese businesses as part of major Iberian investment plan

Tokyo-based IT equipment firm Ricoh has snapped up two southern European partners as part of its strategy to make Iberia account for 40 per cent of its IT business revenues by next year. IPM in Spain and TotalStor in Portugal specialise in data storage and analytics services in private and hybrid cloud, disaster recovery and virtualisation. Together, their total revenues came to €71m in 2018. CEO of Ricoh Spain and Portugal, Ramon Martin, said that the Japanese firm sees southern Eur...