3 April 2007 — Hanover (GER): Pelikan Holding has bought a 90 percent stake in Germany-based consumables manufacturer/distributor German Hardcopy.
The deal followed the acquisition in January by Malaysia-based Pelikan International Corporation Berhad (PICB) — the major shareholder of Pelikan Holding — of Pelikan Hardcopy in Switzerland. Now the consumables businesses of Geha, perhaps the best known German Hardcopy brand, and Pelikan are back together under the overall Pelikan Holding umbrella.
Between them, Pelikan Hardcopy and German Hardcopy have revenues of over $185 million. In the short term, German Hardcopy will continue to operate as a standalone company.
The remaining ten percent of the company will continue to be held by German Hardcopy.