EFI Acquires Escada Systems – Extending Its Offering for the Corrugated Packaging Market
October 02 2017 - 9:20AM
Electronics For Imaging, Inc. (Nasdaq:EFII) announced today the
acquisition of Escada Systems (Escada), a leading provider of
Corrugator Control systems for the packaging market. Based in the
United Kingdom and with operations also in the United States,
privately held Escada brings a strong reputation for
innovation and vast experience in helping packaging companies to
achieve greater productivity, quality and profitability.
EFI is a market leader in providing a complete ecosystem for
corrugated production, that includes the EFI Nozomi C18000, an
ultra-high-speed single-pass LED inkjet press powered by the award
winning Fiery DFE together with leading edge inks, and the
EFI Corrugated Packaging Productivity Suite, the market’s
first end-to-end software offering for business management and
manufacturing execution, which is gaining global momentum, serving
corrugated packaging companies around the globe. The addition of
Escada’s technology and expertise will enable EFI to expand the
Productivity Suite’s value to sheet feeders and full corrugated box
plants, to also include comprehensive control and traceability for
the entire corrugation process.
“We are thrilled to add the Escada team and technology to our
leading portfolio for the Packaging industry,” said Gabriel
Matsliach, senior vice president and general manager, EFI
Productivity Software. “The addition of Escada makes EFI a one stop
shop for enabling packaging companies to improve the quality,
efficiency and profitability of the corrugation process, using
their existing corrugators.”
While financial terms of the acquisition were not disclosed, it
is not expected to be material to EFI’s Q4 or full year 2017
results. Escada employees, including founder and former principal
Gavin Bushby, have joined EFI’s Productivity Software business
unit.
“We are very excited to join the EFI family and to play a role
in EFI’s strategy for the packaging industry,” said Gavin Bushby,
Chairman of Escada. “EFI global scale and reach will enable more
customers to benefit from our innovative technologies for years to
come. I look forward to being an active member of this world-class
organization and to help them innovate to advance both traditional
and digital on-demand technologies and help our industry and
customers to grow and prosper.”
About EFI
EFI™ is a global technology company,
based in Silicon Valley, and is leading the worldwide
transformation from analog to digital imaging. We are passionate
about fueling customer success with products that increase
competitiveness and boost productivity. To do that, we develop
breakthrough technologies for the manufacturing of signage,
packaging, textiles, ceramic tiles, and personalized documents,
with a wide range of printers, inks, digital front ends, and a
comprehensive business and production workflow suite that
transforms and streamlines the entire production process.
(www.efi.com)
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Imaging, Inc. in the U.S. and/or certain other countries. All other
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of their respective owners, and are hereby acknowledged.
Nothing herein should be construed as a warranty in addition to
the express warranty statements provided with EFI products and
services.
This news release contains forward-looking statements, that are
statements other than statements of historical fact including words
such as “anticipate”, “believe”, “estimate”, “expect”, “consider”,
“plan” and similar, any statements related to strategies or
objectives of management for future operations, products,
development, performance, any statements of assumptions or
underlying any of the foregoing and any statements in the future
tense. Forward-looking statements are subject to certain risks and
uncertainties that could cause our actual or future results to
differ materially. For further information regarding risks and
uncertainties associated with EFI’s businesses, please refer to the
risk factors section in the Company’s SEC filings, including, but
not limited to, its annual report on Form 10-K and its quarterly
reports on Form 10-Q. EFI undertakes no obligation to update
information contained herein, including forward-looking
statements.
Contact:David LindsayEFI+1 404 931 7760david.lindsay@efi.com
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