Product category:
General Print Supplies, Services for Printers
News Release from: Jetrion
Edited by the Printingtalk Editorial
Team on 13 November 2006
Flint's Inkjet Printer Business Bought
By EFI
EFI has completed its acquisition of Jetrion, a subsidiary of Flint Group, for approximately US$40 million in cash.
EFI has completed its acquisition of Jetrion, a subsidiary of Flint Group, for approximately US$40 million in cash The acquisition is an all cash transaction
Jetrion produces inkjet printers, inks and custom printing systems for the label and packaging industries.
The acquisition is expected to add between US$3 million and US$5 million in revenues to EFI's fourth quarter results with an immaterial impact on pro forma earnings.
For the full year, Jetrion is expected to post revenues of approximately US$16 million - US$18 million.
The Jetrion products are currently anticipated to show top line growth of 30 per cent - 40 per cent in 2007 and again have an immaterial impact to pro forma earning,s as EFI makes investments to expand the Jetrion product line and distribution.
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