EFI Announces Completion of Acquisition by Siris Capital Group
The deal, first announced in April, is worth $1.7 billion.
Fremont, California-based large-format printer and software manufacturer EFI announces the completion of its previously announced acquisition by an affiliate of New York City-based Siris Capital for approximately $1.7 billion.
The deal, first announced in April, will mean no changes for EFI other than it will now be wholly owned by an affiliate of Siris, and its common shares will be delisted from the NASDAQ exchange.
“This acquisition marks a new, exciting path forward in EFI’s 30-year history as a digital imaging technology leader,” says EFI CEO, Bill Muir. “With Siris’ partnership, we will look to create new opportunities for our customers, partners, and EFI employees worldwide. We are looking forward to working with Siris to write the next chapter of innovation across our growing portfolio of solutions.”
Adds Jeff Jacobson, Siris executive partner and EFI executive chairman, “EFI’s portfolio of best-in-class solutions presents an exciting opportunity to drive further growth in high-quality inkjet and integrated, digital workflows. I look forward to working closely with management and know Siris is committed to providing the guidance and support needed to help EFI continue accelerating the transformation of industries where colorful images matter.”
