Kodak announced on Monday that it has reached an agreement with Brother for the proposed sale of certain assets of its Document Imaging business for a cash purchase price of about $210 million. Kodak’s Document Imaging business comprised of scanners, capture software and services to enterprise customers. The transaction is expected to approve by June.
“This proposed sale is another key step in Kodak’s path to emergence – it moves us closer to realizing our strategic vision for Kodak’s future,” said Antonio M. Perez, Chairman and Chief Executive Officer. “A sale to Brother, should they prevail, would represent an excellent outcome for Document Imaging’s customers, partners and employees.”