WeP Solutions Limited ('WeP'), a BSE listed company and Ricoh Asia Pacific Operations Limited ("Ricoh") have entered into a Distributor Agreement. Under this agreement, WeP has the rights to sell and service Ricoh's product portfolio that address the digital printing market in India.
Ricoh' s portfolio complements the current product and services offering of WeP. With Ricoh products, WeP will now be able to address the entire digital printing market including office automation, industrial and commercial printing.
Commenting on this development, Mr. Ram N Agarwal, Chairman and Managing Director, WeP Solutions said, "WeP Solution's 30 years track record with the Indian customers and Ricoh's technology leadership will benefit Indian customers by providing them with unparalleled state-of-the-art digital printing and office automation solutions. With this association, Indian customers can get a one-stop solution to all their printing needs with cutting-edge technologies."
Commenting on this development, Mr. Kazuhisa Goto, Managing Director of Ricoh Asia Pacific Pte Ltd stated, "Businesses are constantly faced with challenges to be more efficient, cost-effective and keep up with technological advancements. Ricoh's innovative offerings aim to help businesses overcome these obstacles so they can focus on meeting the needs of their customers. Through this strategic partnership, we will work together to deliver and support solutions that empower digital workplaces."
Shares of WEP SOLUTIONS LTD. was last trading in BSE at Rs.25.25 as compared to the previous close of Rs. 24.05. The total number of shares traded during the day was 1610 in over 9 trades.
The stock hit an intraday high of Rs. 25.25 and intraday low of 25.25. The net turnover during the day was Rs. 40652.