Ikon announces sale of subsidiary

12 July 2005 – Valley Forge (PA): Ikon Office Solutions has announced the completion of the sale of its French Subsidiary, Ikon Office Solutions SAS, for an undisclosed sum.

Ikon’s subsidiary was bought by NRG France SAS, a subsidiary of NRG Group.

The sale marks a continuation of Ikon’s efforts to reduce its costs and operating inefficiency.