A Durham company that sells and services copiers, printers and fax machines across the Carolinas has been bought by the U.S. subsidiary of Canon.
Canon USA has acquired Tereck Office Solutions and its more than 70 employees, the companies announced today. Financial terms of the deal weren't disclosed.
There are no plans for layoffs, said Canon spokeswoman Melissa Moritz.
Buying Tereck gives Tokyo-based Canon, which is the world's largest maker of cameras and office equipment, a stronger foothold in the Carolinas.
"This acquisition will enable us to provide even greater levels of service to businesses and end-users in the Carolinas regions," said Canon USA CEO Joe Adachi, in a prepared statement.
Tereck CEO Ed Ecker, who founded the company in 1997, will remain with the business in an advisory role. Tod Pike, currently president of Canon Business Solutions, will become head of the new division.