30 March 2015
Cimpress Agrees to Acquire Leading Web-To-Print Company in Austria
Cimpress N.V. announced it has entered into a definitive agreement to acquire druck.at Druck- und Handelsgesellschaft mbH (druck.at), one of the leading web-to-print businesses in Austria.
The acquisition supports Cimpress' strategy of building a software-enabled operational platform that aggregates and optimizes the supply chain and production of mass customized products such as signage, printing, apparel and promotional products. Cimpress goes to market via a portfolio of specialized and focused brands and Druck.at aligns with the Cimpress strategy in this regard as well. Druck.at, founded in 2001, produces a wide variety of high quality printed products that are sold both directly to small and medium business customers and through resellers such as graphic designers, print brokers, and local print shops.
"We believe Druck.at will be a great addition to Cimpress," said Robert Keane, president and chief executive officer of Cimpress. "The Druck.at team's intimate understanding of Austrian web-to-print customers enables it to offer them great quality, fast delivery, and a wide and deep selection of products. We plan to help them build on this heritage by leveraging Cimpress' scale advantages and by expanding the Druck.at product selection even further."
Peter Kolb, Druck.at chief executive officer said, "We are very excited to join Cimpress. We anticipate benefiting from Cimpress' global operational and supply chain advantages while maintaining the distinct Druck.at brand and focus on the needs of Austrian customers. This unique combination should allow us to improve our customer value and customer satisfaction even further."
Cimpress N.V.
Investor Relations:
Meredith Burns, +1-781-652-6480
ir@cimpress.com
or
Media Relations:
Cheryl Wadsworth, +1-781-690-2120
mediarelations@cimpress.com
