Ricoh Canada Acquires ET Group to Enhance Workplace Technology
Ricoh Canada has strengthened its position in the workplace technology sector by acquiring ET Group, a Toronto-based company specializing in audiovisual engineering and collaboration integration. This acquisition enhances Ricoh’s capabilities in offering comprehensive digital services to Canadian enterprises.
Details of the Acquisition
ET Group will function as a wholly owned subsidiary of Ricoh Canada, maintaining its independent management structure. This move builds on an existing partnership, aiming to broaden the scope of Ricoh’s digital and workplace services.
Expanded Services and Offerings
The acquisition introduces several new offerings:
- Audiovisual design and integration
- Hybrid meeting and collaboration systems
- Managed digital workplace services
- Workplace experience services
- On-site staffing solutions
ET Group is known for its strong presence in secure environments, including government and other regulated sectors. The combined expertise of both companies positions Ricoh to better serve major corporations, government agencies, and judicial systems.
Quote from Leadership
Meagan Moody, Country Manager at Ricoh Canada, emphasized the need for secure and intelligent workplaces. She stated, “Businesses today need secure, seamless, and intelligent workplaces that empower people to collaborate from anywhere.”
Independent Operations
Despite the acquisition, ET Group will continue to operate independently. Ahmed Ameen, a leader at ET Group, highlighted how joining Ricoh could enhance the company’s impact while preserving its core culture and values.
Ricoh’s Global Strategy
This acquisition aligns with Ricoh’s broader strategy of expanding its workplace services on a global scale. Recent international acquisitions include companies in the United States, EMEA, and Latin America, aimed at enhancing meeting experiences and hybrid work solutions.
Future Prospects
Takahiro Irisa from Ricoh stated that this acquisition strengthens their digital services capabilities across North America and reinforces the company’s commitment to a globally integrated workplace services approach. The company plans to continue expanding its high-value offerings, particularly AV Managed Services.
Company Overview
Ricoh operates in approximately 200 countries and regions and reported global sales of 2,527 billion yen for the financial year ending March 2025. The integration of ET Group into its portfolio reflects Ricoh’s dedication to enhancing workplace technology and digital collaboration solutions.
