EFI announced acquisition of Raster ink-jet printing machine manufacturing enterprises
The EFI company announced that the company has agreed to buy inkjet printer manufacturers RasterPrinters the remaining shares, purchase price of about $3 million (
(20. 5 million yuan)
, at the same time, if the company over a period of time in the future the desired performance, EFI company will also be additional pay for part of the acquisition.
The deal will be completed in the fourth quarter of 2008, and will affect financial reporting in the fourth quarter of EFI company.
According to EFI President FredRosenzweig said, 'buy Raster helps to expand our product line, let us to provide more price advantage of the products, so as to enhance our market share in the production, at the same time also can help us to further strengthen the sales and channel construction, consolidate our status in large format UV inkjet printing machine on the market.
'It is understood that RasterPrinters company was founded in 2004, mainly to provide environmental protection of large format UV inkjet printer, the company's own trademark for' Daytona ', its customers range is very wide.
After the completion of the acquisition, the company's products will be EFIRastek brand promotion.
At present, Raster company has about 20 staff outside the headquarters in SAN jose.
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