Canon has gained approval from EU competition regulators for its €730 million takeover of Dutch copier and printer maker Oce, the European Commission confirmed.
"The parties would continue to face several strong competitors in all market sectors," the Commission, which polices competition in the 27-country European Union, said in a statement.
Canon and Oce products have little overlap, with the Canon strong in regular office machines and mid- to lower-end production printers. Oce's strength is in high-end and advertisement-use large-sized printers. Canon expects Oce's high-end printing systems to complement its mid-range products and expand sales networks.