News

KPP officially takes the reigns, names company Kodak Alaris

September 3, 2013

The U.K. Kodak Pension Plan completed its acquisition of the Kodak Personalized Imaging and Document Imaging businesses from the Eastman Kodak Company, giving the new venture a fresh name – Kodak Alaris.

The new company has a perpetual license to use the Kodak brand and will focus on strategic, ongoing investments to spur long-term growth and success, according to a news release. When the transaction completes globally, Kodak Alaris will have more than 4,700 employees in approximately 30 countries with expected revenue of more than $1.3 billion.

"Our excitement around the acquisition of these businesses comes not just from their market strength but from what we see as long-term, highly successful growth opportunities," Steven Ross, independent chairman of KPP, said in the release. "Today starts the new chapter of a storied brand and we're thrilled with the potential the new company holds for our plan members, our customers, and our employees."

Dennis Olbrich, president of Kodak Alaris' Personalized Imaging business, and Dolores Kruchten, president of Kodak Alaris' Document Imaging business, will provide leadership for Kodak Alaris.

"Innovation has always been critical to our success and it will continue to be a cornerstone of our businesses," said Kruchten. "Under new ownership, we will increase our commitment to pioneering new products and solutions. We will continue to deliver the industry leading services and support that our customers know and trust. And we will be a nimble, innovative company, capable of achieving greater speed to market."

"Our new owner shares the same high commitment to our Kodak Alaris' Personalized Imaging and Document Imaging customers, which is what makes the future of Kodak Alaris so exciting," Olbrich said. "As we celebrate this critical step on our journey, the priority is to continue to meet and exceed the needs of customers and consumers. This we will do by continuing our solid tradition of customer service, all made possible by our committed and talented employees."

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