Strategic Collaboration with Ricoh
Joint Sales, Marketing, and New Business Opportunity Exploration
"Expanding B2B Sales Share to Around 45% by 2030"
LG Electronics is accelerating its global B2B competitiveness through strategic collaboration with the global office solutions company Ricoh.
On the 19th, LG Electronics announced that it recently signed a Memorandum of Understanding (MOU) with Ricoh at LG Science Park in Gangseo-gu, Seoul, to "discover services and cooperate on business for digital transformation (DX) within enterprises." The signing ceremony was attended by Takashiro Irisa, Head of Ricoh's Digital Services Division, and Baek Gi-moon, Head of LG Electronics' ID Business Division.
LG Electronics is accelerating its global B2B competitiveness through strategic collaboration with the global office solutions company Ricoh. The photo shows, from left, Takashiro Irisa, Head of Digital Services Business Division at Ricoh, and Ki-moon Baek, Head of LG Electronics ID Business Division. Photo by LG Electronics
Through this MOU, the two companies will gradually proceed with collaboration in supplying total solutions for enterprises, including joint sales to expand B2B business and discovering new business opportunities.
Ricoh is the world's number one manufacturer of digital multifunction devices and a global office solutions specialist company that provides not only enterprise IT products but also workflow automation solutions, IT services and consulting, and video conferencing services. It conducts B2B business in over 200 countries worldwide.
LG Electronics plans to combine Ricoh's know-how accumulated over more than 80 years since its founding in office solutions-related businesses with LG's lineup of enterprise display products and B2B solutions.
Earlier, in August, LG Electronics announced a plan to increase the B2B portion to about 45% of total sales by 2030 as part of its business portfolio innovation strategy to realize its future vision. To this end, LG Electronics intends to expand B2B from supplying individual products to a high value-added business by adding various solutions that customers need.
Baek Gi-moon, Head of LG Electronics' ID Business Division, said, "Through strategic collaboration with global B2B companies, we will provide optimal solutions to customers and strengthen our position as a trusted partner."
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