EFI announces completion of acquisition by an affiliate of Siris Capital Group, LLC

by FESPA | 31/07/2019
EFI announces completion of acquisition by an affiliate of Siris Capital Group, LLC

Electronics For Imaging, Inc. announced the completion of its previously announced acquisition by an affiliate of Siris for approximately $1.7 billion.

 
In connection with the closing of the transaction, the company will continue to operate as Electronics For Imaging (EFI). It will be wholly owned by an affiliate of Siris, and EFI's common shares will be delisted from the NASDAQ exchange.
 
"This acquisition marks a new, exciting path forward in EFI's 30-year history as a digital imaging technology leader," said EFI CEO, Bill Muir. "With Siris' partnership, we will look to create new opportunities for our customers, partners, and EFI employees worldwide. We are looking forward to working with Siris to write the next chapter of innovation across our growing portfolio of solutions."
 
Jeff Jacobson, Siris Executive Partner and EFI Executive Chairman, added, "EFI's portfolio of best-in-class solutions presents an exciting opportunity to drive further growth in high-quality inkjet and integrated, digital workflows. I look forward to working closely with management and know Siris is committed to providing the guidance and support needed to help EFI continue accelerating the transformation of industries where colorful images matter."
 
The transaction, which was initially announced on April 15, 2019, was approved in a shareholder vote on July 15, 2019 in which 72.2% of EFI's outstanding shares and 99.7% of voted shares were voted in favour of the transaction.
 

by FESPA Back to News

Topics

Interested in joining our community?

Enquire today about joining your local FESPA Association or FESPA Direct

Enquire Today

Recent news

How to use software to redefine manufacturing in the ecommerce supply chain
Automation

How to use software to redefine manufacturing in the ecommerce supply chain

Debbie McKeegan speaks to Henrik Muller Hansen, founder of Gelato, where they discuss the pivotal role of software in redefining the manufacturing and fulfilment processes within the ecommerce supply chain.

11-07-2024
merchOne enters the US market with best offer for print-on-demand wall art
Interior printing

merchOne enters the US market with best offer for print-on-demand wall art

merchOne, the Europe-based POD fulfilment platform, is launching operations in the US, to make customized on-demand wall art more accessible to ecommerce entrepreneurs.

09-07-2024
Latest strategies, insights and technologies regarding Textile Printing with Mimaki Europe
Textile printing

Latest strategies, insights and technologies regarding Textile Printing with Mimaki Europe

Debbie McKeegan speaks to Mark Verbeem, Product Management Supervisor at Mimaki Europe about the the textile industry trends and market shifts, with a focus on sustainability and digital production.

08-07-2024
The future opportunities for screen printing in art
Screen Printing

The future opportunities for screen printing in art

Screen prints have become an essential part of art. Sonja Angerer discusses serigraphy and the future opportunities this sector of printing offers to printers.

08-07-2024