Kodak To Sell Document Imaging Business To Brother For $210 Million

Next Story

Turn Report Shows A 15 Percent Increase In Display Ad Costs And A 45 Percent Drop In Mobile

Brother, a Japanese document imaging company, has bought Kodak’s imaging business for $210 million, according to a company release. Kodak sought bankruptcy protection in January 2012 and has been restructuring itself since.

The document imaging side of the company – namely a portfolio of professional scanners, capture software, and services – has long been a mainstay for enterprise clients looking to streamline document design and production.

“Document Imaging has many differentiating strengths, including an outstanding global customer base, award-winning software and hardware solutions, strategic reseller partners and a comprehensive service and support network,” said Antonio M. Perez, Kodak Chairman and CEO. Brother makes copiers, printers, and, as the release notes, sewing machines.

The company recently sold its online photo service and will soon stop selling digital cameras. Kodak, once the biggest name in photography, will focus on commercial printing.