Ricoh : 【Ricoh Latin America】Ricoh Latin America acquires Videocorp to further expand its capabilities in enterprise audiovisual communications solutions

Weston, 31st October 2023 - Ricoh Latin America announces the acquisition of the company Videocorp, which has a presence in Chile and Peru and has 40 years of experience in the development and implementation of innovative audiovisual communications projects and critical infrastructure for corporate clients in all sectors. The acquisition also includes Cayman Distribution, a company focused on the distribution of audio and video equipment and accessories.

This acquisition reinforces Ricoh's strategic decision to strengthen its position as a digital services company. With this investment and the team of experts that joins Videocorp, Ricoh also strengthens its commitment to expand its capabilities and "expertise" to provide customers with comprehensive and innovative solutions for audiovisual communication and continue connecting people through new work scenarios.

"This acquisition is part of Ricoh Latin America's strategic investment in our growth as a digital services company and allows us to enhance and expand our capabilities to accelerate our customers' digital adoption for their professional audiovisual communication needs. Videocorp is a company with extensive experience and high reputation in the audiovisual sector in Latin America. A true digital enabler that has the recognition of clients and industry experts. We are very pleased to welcome them. We will continue to invest to consolidate our position as a digital services company in the region", said Diego Imperio, President & CEO of Ricoh Latin America.

Videocorp, which has been a pioneer for the evolution and professionalization of the audiovisual sector in Latin America, will continue to operate under its current name as a company of the Ricoh Group. It will also maintain all 169 employees located between Chile and Peru.

Ricoh acquires the following business areas from Videocorp:

• Audiovisual Solutions: Design, Installation, support and maintenance of projects in corporate spaces with intelligent meeting rooms, videoconferencing systems, digital signage, interactive whiteboards, among other solutions for classrooms, auditoriums, training rooms, convention centers, etc.

• Critical Infrastructure: These are IT solutions aimed at maintaining the security of companies with technology such as Video Management System, access control (pedestrian and vehicular), monitoring control, CCTV, fire detection and alarm, structured cabling. This area also includes remote surveillance technology through remote management systems using drones and/or security cameras.

• Cayman Distribution: Leading distribution company in Chile and Peru of solutions, products and accessories associated with audio and video, and currently has the exclusivity of top brands in the sector in both countries. This company was founded by Videocorp with the aim of forming a robust ecosystem of partners and channels to deliver the most innovative audiovisual tools to customers.

"We are very pleased to join Ricoh. I am sure it is the right step for the growth of Videocorp after 40 years working to be leaders in the professional audiovisual communications industry in Latin America. We are a company that shares business values with Ricoh, such as constant commitment to innovation, focus on customer experience, consultative selling and flexibility. In addition, as Ricoh, we believe that one of the most important factors to be successful is to focus on the career development of our professionals, with whom I am very grateful for their dedication and daily work. I also want to thank all our clients for their trust in us, and that, now being part of Ricoh, we reinforce our commitment to continue providing them with a personalized and high-quality service to build high impact projects for their clients", said Alfonso Vergara, CEO of Videocorp.