Wed, Jul. 1, 5:30 PM
- Electronics For Imaging (NASDAQ:EFII) is acquiring Reggiani Macchine, an Italian developer of industrial inkjet printers capable of printing on fabrics. It's paying $30.8M in cash, issuing up to $30.8M in stock, assuming $22.6M in debt, and making up to $56.2M in revenue/profit milestone payments over the next 30 months.
- EFI asserts Reggiani has "become a leading innovator of a full range of industrial solutions for textile manufacturing, including high-quality printers for fashion and home furnishing textiles," and notes the company has customers in 120+ countries. ~190 Reggiani employees will be joining EFI.
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Electronics for Imaging Inc is a digital printing innovation company engaged in the transformation of printing, packaging, and ceramic tile decorative industries from the use of traditional analog based presses to digital on-demand printing.
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