Ricoh Malaysia Acquires Nassion Systems (M) Sdn. Bhd.

Kuala Lumpur, 1 July 2015 - Ricoh (Malaysia) Sdn. Bhd., a leader in total office and business solutions, announced today that it has completed its acquisition of NASSION Systems, a TM Elite Partner Best Sales for 2014, award-winning ICT managed and telecommunication service provider.

NASSION Systems specialises in managing ICT infrastructure, providing telecommunication solutions, as well as strong support with a Network Operations Centre (NOC). Their services include providing network infrastructure connectivity, data centre security solutions, corporate Wide Area Network (WAN) and internet access connectivity, as well as technical support.

The synergistic acquisition blends the strengths of both companies to enhance Ricoh’s current range of IT Services and solutions through collective research, creativity and innovation, to bring forth improved Managed Services solutions tailored to corporate and Small Medium Businesses (SMB).

Following the acquisition, Mr. Peter Wee, Managing Director of Ricoh (Malaysia) Sdn. Bhd. shared his vision to expand Ricoh’s Managed Services Solutions by turning it into a nationwide premier service provider in the industry.

“We are excited to embark on this new journey with the knowledge and know-how that NASSION Systems is able to bring to the table. We are confident that with this acquisition, we would be able to enlarge Ricoh Malaysia’s IT Services portfolio with value-added capabilities and offerings, as well as increase our IT Services share among our existing clientele.” said Mr. Wee.

Ricoh Malaysia was also recently awarded the Applications Service Provider (ASP) Class License by the Malaysian Communications and Multimedia Commission (MCMC), granting the office and business solutions industry giant the ability to provide telecommunication facilities as well as services to the market.

“I am extremely pleased and excited about our people at NASSION Systems becoming part of the Ricoh Malaysia family as I see a strong fit with Ricoh’s IT Services’ strategic direction. By coupling Ricoh’s expertise with our managed services capability, we are certain of a bright future for our employees, customers and business,” said Danny Fan, Chief Executive Officer of Johor based company, NASSION Systems (M) Sdn. Bhd.

“As a leader in total office and business solutions, we continuously strive to streamline business workflow, simplify work and increase performance with quality services and products to our customers. Hence, we are privileged to integrate the business and expertise of NASSION Systems into Ricoh Malaysia, which is consistent with the Ricoh philosophy, ‘Imagine. Change.’ to better serve our customers,” added Mr. Wee.

Advisors to the transaction were Ernst & Young and Koh & CH Tay Advocates & Solicitors.