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Kodak Wins EU okay to Buy Creo
May 5, 2005
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U.S. camera maker Eastman Kodak has won European Union approval for its $980 million takeover of Canadian printing technology firm Creo, the EU's Executive Commission said.

The deal is part of Kodak's strategy to expand aggressively in commercial printing. Creo's systems manage images and convert computer files into plates used to print books, magazines, and other products.

"The Commission concluded that the transaction would not significantly impede effective competition...and has therefore approved the concentration," the Commission said in a statement. (Reuters)

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