Tokyo, Japan-based Canon Inc., announces that its consolidated subsidiary Océ N.V., Venlo, the Netherlands, has officially became a wholly owned Canon subsidiary as of March 8, 2013, following the conclusion of formal statutory buyout proceedings under Dutch law. Since joining forces, Canon and Océ have jointly developed new products and worked to strengthen their marketing and service capabilities. Now that Océ has become a wholly owned subsidiary, both companies will work to maximize synergies with the aim of creating a prominent presence in the printing industry.