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Kodak Sells Document Imaging Business To Brother For $210M

By TechTaffy Desk

Kodak

Kodak has reached an agreement with Brother for the proposed sale of certain assets of its Document Imaging business for a cash purchase price of approximately $210 million. Brother will assume deferred service revenue liability of the business, which totaled approximately $67 million as of December 31, 2012.

Kodak’s Document Imaging business provides a portfolio of scanners, capture software and services to enterprise customers.  The transaction is subjected to customary closing conditions.

[Image courtesy: Kodak]

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