Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Kodak Completes Acquisition of Scitex Digital Printing
Jan 6, 2004
 Printable format
 Email this Article
 Search

Eastman Kodak Company announced the completion of its acquisition of the assets of Dayton, OH, U.S.-based Scitex Digital Printing (SDP), a manufacturer of high-speed, variable data inkjet printing systems.

Kodak acquired the assets of Scitex Digital Printing from Scitex Corporation Ltd. for U.S. $250 million and funded the acquisition through available cash, with no incremental borrowing. After taking into account $13 million of Scitex Digital Printing's cash balance acquired at closing, Kodak paid a net cash price of $237 million.

Scitex Digital Printing will now operate under the name of Kodak Versamark, Inc.

According to Kodak, the acquisition will accelerate its growth in the $30-billion digital commercial printing industry and complement its existing commercial printing operations, including its NexPress Solutions LLC and Kodak Polychrome Graphics joint ventures, as well as its wholly owned subsidiary, ENCAD Inc., a maker of wide-format inkjet printers.

Kodak Versamark will operate as a wholly owned subsidiary of Kodak. Nachum "Homi" Shamir, formerly president and CEO of Scitex Digital Printing and CEO of Scitex Corporation, has joined Kodak Versamark, Inc. as president and will run the subsidiary. He will report to James Langley, president, Commercial Printing, and Senior Vice President, Eastman Kodak Company.

The company says this purchase is part of its growth strategy to acquire companies and technologies that complement its existing businesses, capabilities, and assets. Through a mixture of selective acquisitions and internal investments, Kodak says it plans to expand into a range of commercial businesses.

The company expects the purchase to be slightly dilutive in the first full year and to add to earnings thereafter.

Back to Daily News

 

Daily News

...........................................................

Oct 23, 2014: Whirlpool Corporation to Showcase Resource-Efficient Technologies at Greenbuild

Oct 23, 2014: CWIEME Chicago exhibition had record attendees

Oct 22, 2014: Middleby to add U-Line to residential appliance business

Oct 22, 2014: iRobot's 3Q exceeds expectations, driven by Home Robots growth

Oct 22, 2014: Whirlpool Canada named 2014 Energy Star Manufacturer of the Year

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014
May 2014: Appliance Magazine Market Insight: March 2014
April 2014: Appliance Magazine Market Insight: February 2014




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows