update EFI to Acquire Raster Printers
EFI has agreed to
acquire the remaining
interest in Raster
shop news Printers it does not
currently own for
approximately $3 million in net cash proceeds plus an additional
ARC Acquires Firm in United Kingdom
cash earn out amount that is contingent upon achieving certain
performance targets. The transaction, which is expected to close in
the fourth quarter of 2008, is expected to be immaterial to EFI’s
revenues and earnings in Q4 2008.
Following the close of the transaction, Raster Printers’ products
American Reprographics Company (ARC) has will be marketed under the EFI Rastek brand name. Raster cur-
acquired the assets of The Reprographics Warehouse rently operates with a staff of approximately 20 employees out of
Ltd., a provider of document management, document its headquarters in San Jose, CA.
reproduction, and related services to the architectural, “The acquisition of Raster will allow us to expand our product
engineering, and construction industry in England. line and offer a variety of price-point products, significantly
The Reprographics Warehouse Ltd. operates a single increasing our addressable market,” said Fred Rosenzweig, presi-
centralized service facility in Central London with dent of EFI.
year-end revenues in 2007 of approximately $2.7 mil- “Being part of the EFI group will help us deliver the highest qual-
lion (US). Terms of the acquisition were not disclosed. ity solutions and provide our customers with a portfolio of new,
“This is a fantastic opportunity for us and I am very powerful products to assist in their success and profitability,” said
happy to be part of this transaction,” said John Snell, Rak Kumar, president of Raster Printers.
managing director of the Reprographics Warehouse. www.efi.com ✦ www.rasterprinters.com
“We are extremely excited about this acquisition.
Although it is a relatively small firm from an over- Wide Scanners and Systems Acquires
all revenue point-of-view, bringing Reprographics GTCO CalComp’s Scanner Division
Warehouse into the company is an important step in
Wide Scanners and Systems, Inc. has acquired the scanner division
establishing our presence in the UK,” said K. “Suri”
of GTCO CalComp. “I’m pleased to have the opportunity to con-
Suriyakumar, chairman, presiden