FREMONT, Calif.-Electronics For Imaging (EFI) announces the completion of an acquisition by an affiliate of Siris for approximately $1.7 billion. Both organizations initially unveiled terms of the agreement in April 2019.
“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.”
As part of the transaction, the company continues to operate as EFI and will be wholly owned by an affiliate of Siris. Additionally, EFI says its common shares are to be delisted from the NASDAQ stock exchange.
“EFI’s portfolio of best-in-class solutions presents an exciting opportunity to drive further growth in high-quality inkjet and integrated, digital workflows,” states Jeff Jacobson, Siris Executive Partner and EFI Executive Chairman. “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.”
For more information, visit www.efi.com.