Digital imaging and print management solutions specialist EFI is to acquire privately held Vutek, a leading supplier of superwide format digital inkjet printers, for approximately $281M in cash. The deal is expected to close in the third quarter of 2005, subject to regulatory approval.
"Vutek will be an excellent addition to our range of solutions for the commercial print market," says EFI ceo Guy Gecht, "There are many natural synergies between EFI's core expertise in digital printing innovation and Vutek's digital inkjet technology, and we are both leaders in the on-going industry transition from analog to digital printing."
Vutek is headquartered in Meredith, New Hampshire, with some 330 employees. In 2004, the company reported revenues of approximately $130M.
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