Canon to Start Business Services Subsidiary in U.S.

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The office equipment supplier, Canon will create a subsidiary next spring that will provide services to businesses that use its equipment, following the lead of rivals Xerox and Ricoh.

(Reuters) - Canon Inc will create a U.S. subsidiary next spring to provide services to businesses that use its office equipment, the Nikkei business daily reported.

The new firm, to be set up in New York as a wholly owned unit of local arm Canon USA Inc, will begin operations with a workforce of 100-150, the paper said.

The new unit will help corporate clients boost efficiency by constructing document-management systems and operating their office equipment, the daily reported.

In starting a dedicated business solutions unit, Canon hopes to strengthen its presence in an area where both U.S. firm Xerox Corp. (NYSE:XRX) and Ricoh Co. have already staked claims, the paper added. (Reporting by Rachel Chitra in Bangalore; Editing by Vinu Pilakkott)