10 Jul 2020

EskoArtwork announces that Axcel has signed a Share Purchase Agreement

Esko Artwork

EskoArtwork today announces that its shareholder, the Danish investment group Axcel enters into a definitive Sales Purchase Agreement with the US industrial company Danaher (NYSE: DHR) for the acquisition of 100% of the shares in EskoArtwork for a purchase price of €350 million.

The closing of the transaction is subject to customary approvals and is foreseen to be concluded within the first half of 2011.

Danaher is a diversified technology leader that designs, manufactures, and markets innovative products and services to professional, medical, industrial, and commercial customers. Their portfolio of premier brands is among the most highly recognised in each of the markets they serve. Driven by a foudation provided by the Danaher Business System, their 47,000 associates serve customers in more than 125 countries and generated $11.2 billion of revenue in 2009. For more information please visit: www.danaher.com.

Upon closing, the business will become a part of Danaher’s Product Identification platform.

“We have been extremely satisfied with our investment in EskoArtwork”, says Sigurd Lilienfeldt, Partner at Axcel and responsible for the investment in EskoArtwork. “During Axcel’s ownership, EskoArtwork has repositioned itself into a world leading company within its field. This is not only due to the merger with Artwork Systems, but also because of significant R&D investments leading to a range of new leading edge solutions. This innovation capacity of EskoArtwork has been instrumental for the impressive EBITDA growth during our ownership leading to this very successful exit for Axcel”, ends Sigurd Lilienfeldt.

“Esko has a leading market position, great products, and a strong team who we are counting on to drive future growth” said Matt Trerotola, Vice President and Group Executive of Product Identification.

Mr. Carsten Knudsen, CEO of EskoArtwork says: “This is an important and very positive step in the continued development of the company. I and the entire management team are excited to see Danaher’s strategic interest to acquire the company and develop EskoArtwork as an autonomous business. We see this as a vote of confidence in our strategy and a strong belief in our ability to continue to grow in the future.”

Bank of America Merrill Lynch and Monard-D’Hulst acted as advisors to EskoArtwork on this transaction.

EFI for Q4 reports 27% year-over-year revenue increases

Efi

Electronics For Imaging, Inc., a world leader in customer-focused digital printing innovation, today announced its results for the fourth quarter of 2010. For the quarter ended December 31, 2010, the Company reported revenue of $145.0 million, compared to fourth quarter 2009 revenues of $114.0 million.

GAAP net income was $7.6 million or $0.16 per diluted share in the fourth quarter of 2010, compared to GAAP net loss of $(3.4) million or $(0.07) per diluted share for the same period in 2009. Q4 2010 GAAP net income of $7.6 million was primarily driven by a strong revenue quarter and a one-time $2.0 million benefit for the renewal of the 2010 federal R&D tax credit, retroactive to January 1, 2010.

GAAP net income was $7.0 million or $0.15 per diluted share for the twelve months ended December 31, 2010, compared to GAAP net loss of $(2.2) million or $(0.04) per diluted share for the same period in 2009.

Non-GAAP net income was $13.3 million or $0.28 per diluted share in the fourth quarter of 2010, compared to non-GAAP net income of $2.3 million or $0.05 per diluted share for the same period in 2009.

Non-GAAP net income was $27.8 million or $0.59 per diluted share for the twelve months ended December 31, 2010, compared to non-GAAP net loss of $(10.7) million or $(0.22) per diluted share for the same period in 2009.

"EFI finished 2010 with an exceptionally strong quarter across the board. We delivered 27% revenue growth and generated more earnings and cash from operations than we have produced in any quarter since 2007," said Guy Gecht, CEO of EFI. "Capping a very strong year for EFI, the fourth quarter results are further evidence that our strategy positioning the Company in the highest growth segments of digital printing is working. We look for this solid execution and momentum to continue into 2011."

Previously reported revenue in the Fiery and APPS operating segments for the three and twelve months ended December 31, 2009 has been revised to conform to the three and twelve months ended December 31, 2010 presentation, reflecting the reclassification of Proofing software revenue from the APPS to the Fiery operating segment. Total revenue for the three and twelve months ended December 31, 2009 has not changed.

HP adds five new members to Board of Directors

Hp 300

HP today announced that its board of directors has appointed five new members, effective Jan. 21. The appointments bring the total number of board members to 17 until HP’s next Annual Meeting of Stockholders in March, at which time the size of the board is expected to be reduced to 13 members.

The new directors are Shumeet Banerji, chief executive officer of Booz & Company; Gary Reiner, former chief information officer of General Electric Company and a current special advisor to private equity firm General Atlantic; Patricia Russo, former chief executive officer of Alcatel-Lucent; Dominique Senequier, chief executive officer of AXA Private Equity; and Meg Whitman, former president and chief executive officer of eBay Inc. The five new directors also will stand for re-election at HP’s next Annual Meeting of Stockholders in March.

In addition, HP announced that incumbent directors Joel Hyatt, John Joyce, Robert Ryan and Lucille Salhany are not standing for re-election at the company’s Annual Meeting of Stockholders.

“The addition of these new directors will further diversify the outstanding talents and wide-ranging experience that our directors already bring to HP,” said Raymond J. Lane, non-executive chairman of the board of directors, HP. “Each is a widely respected and deeply experienced business leader, and together they will provide our board and management team with new insight and perspectives relating to HP’s business and the rapidly changing technology industry.”

Lane discussed the new directors’ backgrounds: “Shumeet Banerji is a respected strategic adviser and will bring to the HP board international, financial, operational and management experience and a true understanding of the issues facing companies and governments in both mature and emerging markets around the world. Gary Reiner will be an important voice of the customer on our board, thanks to his deep insight into how IT can help global companies succeed and his decades of experience driving corporate strategy, information technology and best practices across complex organizations.

“Pat Russo is an experienced executive with extensive global business experience, a broad understanding of the tech industry, and strong management, operations and governance skills. Dominique Senequier is a highly regarded and influential financier who brings broad international perspective, strong financial acumen and a keen focus on long-term performance. Meg Whitman is a true visionary and thought leader who brings to the HP board unique experience in developing transformative business models, building global brands and driving sustained growth and expansion.”

“I am confident that HP’s stockholders, customers and employees will benefit from all of their talents and ideas, and I look forward to working closely with the entire board and management team as we pursue the exciting opportunities in front of us,” Lane concluded.

CMYUK Digital launches Berger micro-site for digital textile selection

Berger Microsite

Following its appointment as the sole UK distributor for Berger wide-format textiles for the soft sign and display markets, CMYUK Digital has launched an innovative and foolproof method for helping users choose compatible materials. A complementary micro-site to the company’s main web presence, http://cmyukdigital.com/berger, makes it a simple four-step process to select printer model, ink formulation, application type and specific requirements, such as levels of fire retardance.

The idea of producing a dedicated site for print companies wanting to select textile products came about because of the complexities faced by many display producers who were confused about which fabrics could be used with their existing engines. Berger’s vast and comprehensive catalogue of materials covers all ink types, including dye sublimation, solvent-based, UV-curable, latex and aqueous-based but never before has there been such a simple method of matching media to machine.

CMYUK Digital’s appointment by Berger immediately saw a rapid uptake in orders for the German manufacturer’s high quality range of textiles, made available from a leading distributor for the first time in the UK. However, many users of new and older machine technologies quickly proved that they needed a quick and easy way to determine which fabric could be used with their existing technologies for different applications.

Once they had signed the sole distribution agreement with Berger, Jon Price and Robin East of CMYUK Digital were quick to acknowledge that a logical and easy-to-use Fabric Specifier would remove most of the queries associated with digital production of different applications using textiles. The resulting micro-site offers comprehensive information with all the options needed to ensure that the material chosen will match the selected printer’s capabilities and be suitable for the end application.

Dispelling the myth that only dedicated engines, such as dye sublimation, can be used with digital textiles, the web site takes users through all the different types of available media, with drop-down lists also providing applications as well as printer references. As compatibility with more printers becomes available, these machines will be added as a reference point.

“The world of soft signs, flags and banners is now increasingly being joined by applications used in home décor and commercial and domestic furnishings, as well as general display jobs,” states Price. “But there has been a reluctance for many display producers to move into the sector for digital textiles simply because of the perceived learning curve about machine and material compatibility. We have now rectified this by offering the widest range of fabrics available on the wide-format ink-jet market along with a practical and efficient method of selection.”

East confirms: “We have a broad customer base using different types of ink technology and none of these is excluded from printing direct to textile. Now, for the first time, we have optimised the route to production of a vast range of applications which are well suited to the versatility of fabrics in preference to being output on conventional sign-making and display materials.

“Our new micro-site also encompasses the environmental drive towards more polyester-based materials and these also offer easier handling and potential for recycling,” East concludes. “It complements our printer offerings perfectly and provides the perfect platform to everyone who wants to benefit from Berger’s range of high quality materials.”

Based in Germany, A Berger has been involved in the manufacture of textiles for more than a century. Its constantly growing portfolio of digital printing products caters for a broad range of widths and weights, making them ideal for signs, displays and specialist interiors and furnishings.

CMYUK Digital is also the UK authorised distributor for EFI VUTEk UV-curable printers, Mutoh’s Viper TX direct-to-textile systems and Zünd’s G3 contour cutting solutions. The company’s nationwide customer base encompasses businesses of all sizes using a variety of machine technologies, all of whom need fast and efficient turn-round from a knowledgeable source.

The new micro-site is designed to be used with all browsers, including Google Chrome, Camino, Opera, Shiira, OmniWeb and Flock as well as the more commonly used Internet Explorer and Safari. The selection options are also compatible with the Apple iPad.

 

Drytac moves to larger quarters in Richmond, Virginia

Drytac

Drytac Corporation has expanded into a new larger facility. The new headquarters provides a larger warehouse, customer service and training facility in Richmond, Virginia.  

The expanded product stocking capabilities will expedite the company's commitment to greater inventory levels and faster shipping turnaround for the east coast region.

The new headquarters also includes a large showroom for Drytac's extensive line of liquid coating equipment including the VersaCoater XL60 wide format UV liquid coater, edge finishing machines and portable displays.

Drytac has long been noted for its on-going commitment to customer training and technical support for over 35 years. The new facility will provide easier access to hands-on technical resources for customers seeking practical instruction in mounting and finishing skills.

The new corporate headquarters is located at 5601 Eastport Blvd., Richmond, VA  23231, only minutes from Richmond International Airport.

InterTech Technology Awards now accepting nominations

2011intertechstar

Printing Industries of America is now accepting nominations for the 2011 InterTech Technology Awards. These awards honour the development of technologies predicted to have a major impact on the graphic arts and related industries. More than 80% of technologies that receive an award experience continued commercial success in the marketplace.

About 250 technologies have received InterTech Awards since the award was introduced in 1978. Technologies have been recognised in almost all aspects of graphic communications business and production, from management information software and workflow systems to press consumables and digital printing systems. Recipients are chosen by an independent panel of judges made up of experienced print professionals with expertise in a variety of areas.

Recipients of the InterTech award will have their technology showcased in publications and emails that more than 50,000 graphic communication companies around the world will see. Additionally, recipients will receive an InterTech Lucite Star--a recognised and coveted icon--which can be used to help promote their work.

New in 2011, entries will be accepted online to streamline the nomination process. Vendors can submit all necessary information at www.printing.org/intertechentries. The deadline for entry is May 31, 2011, but those entering by March 31, 2011, will receive a $500 discount on their entry fee.