TOKYO | Japan – February 2026 – Brother Industries has launched a tender offer to acquire Mutoh Holdings, proposing to purchase all outstanding shares for approximately ¥35 billion (about $235 million). If completed, the transaction would make Mutoh a wholly owned subsidiary of Brother and significantly expand Brother’s presence in wide-format, industrial, and professional inkjet printing markets.
The move represents a notable strategic pivot for Brother following its highly publicized attempt to acquire Roland DG nearly two years ago. That effort, which included a hostile tender offer at a premium valuation, ultimately failed as Roland DG’s management resisted and pursued alternative ownership and governance structures. The Mutoh acquisition signals Brother’s continued ambition to scale its industrial printing portfolio, this time through a more targeted and aligned acquisition.
Strategically, the deal positions Brother to leverage Mutoh’s established technologies and product lines across UV, eco-solvent, and roll-to-roll platforms, while expanding access to Mutoh’s dealer channels and installed base. Brother has indicated that the combination is intended to create synergies in R&D, manufacturing efficiency, and global distribution, while opening new cross-selling opportunities through Brother’s worldwide sales and service infrastructure.
Industry analysts view the proposed acquisition as part of a broader consolidation trend within the digital printing sector, as manufacturers seek scale, diversification, and resilience amid shifting demand, automation, and digital transformation. Pending shareholder approval and customary regulatory clearances, the transaction could reshape competitive dynamics in the large-format and industrial print markets over the coming years.
As this story develops, additional details and analysis will be published on the Nouvelles de l'imagerie mondiale website.
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