Posts tagged: Acquisition

Lexmark Acquired by Apex

Allison Correia
 Apr 21, 2016

Lexmark logo

Back in October 2015, Lexmark announced plans to explore strategic alternatives for its business which many took to mean they were exploring a major move like splitting the company in separate two entities, selling a significant portion of the company, or to sell the entire company as-is.   Six months later, Lexmark announced on April 19, 2016 that it entered into a definitive merger agreement with a consortium of investors led by Apex Technology Co., Ltd. (Apex) and PAG Asia Capital (PAG), under which Lexmark will be acquired for $40.50 per share, representing a 30% premium to the price back in October (the day before Lexmark announced they were exploring strategic alternatives). This makes for all-cash transaction value of approximately $3.6 billion, net of cash. Read more »

Manufacturing Ink for Digital Print: EFI’s Acquisition of Rialco

Ron Gilboa
 Mar 7, 2016

On March 2nd, EFI has acquired Rialco Limited, a UK-based supplier of dye powders and color products for digital print and industrial manufacturing industries. The acquisition is an important one for EFI because it could augment EFI’s equipment offerings with complementary EFI OEM inks for their digital textile printing products.

Based in Bradford (an hour’s drive northeast of Manchester), Rialco manufactures inks and dyes for textiles and wood finishing applications. Rialco was incorporated in 2003 and its latest turnover is just about 7.9 GBP (or just over $11 million) and gross profits of about 2.1 GBP (or just under $3 million) for 2014 (according to DueDil.com). According to EFI the company will operate as part of EFI’s industrial inkjet business, and will continue to support its existing clients as well as expand and grow its capabilities with new products and new customers as part of its long term growth strategy. As noted by Stephen Emery, Vice President of EFI’s Ink and Jetrion businesses, “The deal announced today gives EFI the platform to accelerate the technical advantages we provide to customers in the textile, signage, ceramics and other industries that are rapidly transitioning from analog to digital printing.” Read more »

Xeikon – the new digital printing solutions division of Flint

Ralf Schlozer
 Nov 24, 2015

On Friday the 20th of November the news broke that the Flint Group has bought Xeikon from previous venture capital owner Bencis, almost two and half years after they bought the digital print and platesetter business from Punch International.

Xeikon will continue to operate in its existing lines of business and will now become a new division known as Flint Group Digital Printing Solutions. Even in terms of personnel, continuity is sought, with Xeikon CEO Wim Maes staying as president of the division. The deal needs the approval of European competition authorities, which is expected by end of 2015 as there should not be any concerns about the transaction.

In some ways the acquisition marks a U-turn for Flint after it sold its nascent Jetrion inkjet division to EFI in 2006. EFI paid around $40 million as its first investment in inkjet printing, in the process starting a new line of business, while digital activities pretty much stopped at Flint. Now Flint Group feels it is ready to throw their hat again into the digital arena, possibly seeing the success the Jetrion business is having today. A bigger driver is likely the changed ownership that Flint Group itself is now experiencing. Since 2014 Flint has been essentially an equity capital owned business, owned by Goldman Sachs Merchant Banking Division in partnership with Koch Equity Development. Prior to that, Flint had grown by acquisition and merger into a leading position in litho and packaging inks. To this day, Flint continues to acquire other ink businesses to consolidate its position.

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OpenText Acquires Actuate

David Stabel
 Jan 20, 2015

On December 5, 2014, OpenText announced its intention to acquire Actuate for around US$330M. One month later, on January 16, 2015, OpenText announced the successful completion of it. This acquisition follows a series of takeovers by OpenText throughout recent years with the objective to become the leader in the Enterprise Information Management (EIM) market. A market that OpenText estimates to be almost US$21B in size.

 

Some of OpenText’s earlier acquisitions were targeted to strengthen its Customer Experience Management (CEM) suite: Artesia (August 2004), a provider of Digital Asset Management (DAM) solutions; RedDot (October 2006), a provider of web site management solutions; Vignette (July 2009), a provider of Web Content Management (WCM) solutions; and StreamServe (October 2010), a provider of Customer Communications Management (CCM) solutions. InfoTrends believes both OpenText and Actuate will benefit from this acquisition. This blog briefly explains why.

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Intuit Rebrands Check to Mint Bills

Matt Swain
 Dec 16, 2014

Recent Intuit acquisition Check will now be known as Mint Bills.

When the mobile bill pay company’s acquisition was announced earlier this year, Check co-founder and CEO Guy Goldstein noted that his team looked forward to merging their “talent, mobile mindset and spirit of innovation with Intuit to build products that delight consumers and become a part of their everyday financial lives.” This rebranding helps to publicly solidify that intent to integrate the services.

Intuit has simultaneously used this opportunity to refresh the Mint logo, with each of its products having a subtle difference in the colored line in the leaf to distinguish them from one another. Read more »

Konica Minolta Establishes Digital Textile Subsidiary in Italy

Ron Gilboa
 Oct 15, 2014

On October 14, Konica Minolta (KM) announced the acquisition of Verga IT S.r.l. based in Bregnano, Como, Italy. This acquisition establishes a new subsidiary named Konica Minolta IJ Textile Europe S.r.l., the first of its kind outside Japan. This development is aimed at enhancing Konica Minolta’s sales and services organization in the inkjet textile printer market in Europe. The financial terms of this acquisition were not disclosed. Read more »

Nuance Acquires Notable Solutions (NSi)

Allison Correia
 Jul 22, 2014

Just last month talk circled of the potential acquisition of Nuance Communications, the speech and dictation recognition software company, by Samsung Electronics. As of yet nothing has come to fruition with this rumor, and now we have received confirmation (albeit a quiet announcement) that Nuance has made an acquisition of their own, of Notable Solutions, Inc. (NSi), an established global leader in secure information collection and output management solutions.

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EFI buys DirectSmile

Other Posts
 Jul 21, 2014

In a move to further capitalize on the fast-growing cross-media marketing opportunity, EFI today announced it has acquired the Berlin (Germany)-based Variable Data and Cross Media Software provider DirectSmile. No financial details have been made available about the acquisition, but since DirectSmile is relatively small, the acquisition is not expected to have a material impact on EFI’s top line revenue.

Despite DirectSmile’s limited size, the acquisition is big from a strategic point of view. So far, with perhaps the exception of OPS, EFI’s software acquisition strategy  has primarily focused on providing productivity improvements (predominantly through MIS) and not so much on business enablement. However, in the last couple of years we have seen a rising demand for cross media marketing technology among print businesses. In InfoTrends’ latest investment survey (2014), about 75% of respondents indicated they believe that print companies need to become marketing services providers, the highest number we have seen since we’ve started tracking the question a few years ago. The reason is pretty simple: in a time when print volumes and margins are under pressure, cross media marketing provides an opportunity for print companies to turn the tide, offer services that make their customers meet their communication goals more effectively, and come back for more. Print business that are successful with cross media see an average increase of 15% in print volume.


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Investcorp Acquires SPG Prints

Other Posts
 

Recently, Investcorp, a multi-national investment firm known for investing in alternative markets, announced that it will be acquiring SPG Prints, a Netherlands-based company specializing in the manufacture of digital inks and equipment for wide format, textile, and packaging applications. With this acquisition, SPG Prints may now have a chance to further expand their offerings within the graphic arts industry.

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Making Heidelberg Fit for the Future

Ralf Schlozer
 Jun 18, 2014

The announcement of annual results is always a good opportunity to provide an update on company strategy or present a new organisational alignment. The latest Heidelberger Druckmaschinen annual press conference, however, had far deeper implications than that.

A main message to investors, debtors, and the whole graphic arts community was that Heidelberg delivered on its promise of returning to profitability. Although the net revenue of €4 million was not particularly impressive, it is nevertheless an encouraging sign because it implies a turnaround. In the last five years Heidelberg has accrued a net loss of almost one billion Euros. While financial analysis will certainly have a feast on the numbers, the announced strategic reorganisation and several other organisational moves have important implications for the future of the company.

In the last year Heidelberg has conducted an in-depth analysis of the business areas the company is active in. They have been clustered into four strategic fields of action:
– Digital printing
– Service and consumables
– Sheet-fed Offset
– Weak margin operations Read more »

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