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Daily News

New Business Printer Company Launched
Aug 8, 2003
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Genicom LP and Tally AG announced that the business printer and consumables companies have agreed to combine operations and create a new company, TallyGenicom. The newly integrated firm expects annualized revenue to exceed U.S. $200 million this year, making TallyGenicom one of the largest companies in the world focused exclusively on providing printers, consumables, printer parts, and service. Arthur D. Gallo, CEO of Genicom, will be chief executive officer of the company, and Tally CEO Gebhard Morent will serve as chief operating officer.

"Our core strength will remain what it's always been—providing and servicing business-critical printers that our customers know they can count on. Looking forward, we will continue to build on that strength with the goal of becoming a world leader in innovative color printer solutions for business. That is our customers' fastest growing printer need, and we can now offer them a wider assortment of color solutions than ever before," said Mr. Gallo.

TallyGenicom will continue to serve existing customers under the same pricing and contract terms already in place, according to Mr. Morent. TallyGenicom printers are reportedly designed and manufactured to perform critical, business-specific printing tasks in industries such as healthcare, transportation, manufacturing, warehousing, and retail. According to the company, the printers are used in these industry applications because of their customized design, rugged construction, durability, and proven reliability. Users of TallyGenicom printers include Wal-Mart, American Airlines, SBC Communications, Daimler Chrysler, Blockbuster, and Volkswagen.

TallyGenicom Worldwide Headquarters will be in Chantilly, VA, U.S. near Washington, D.C., and European headquarters will be in Ulm, Germany. The company will do business as TallyGenicom(R) in the Americas and as Tally(R) in Europe, Africa, Asia, and the South Pacific.

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