EFI Acquires Escada Systems in Bid to Expand Offerings for Package-Printing Market
Electronics For Imaging (EFI) reports that it’s acquiring Escada Systems, a provider of corrugator-control systems for the package-printing market for an undisclosed sum.
Based in the United Kingdom and with operations also in the United States, EFI says that privately held Escada “brings a strong reputation for innovation and vast experience in helping packaging companies to achieve greater productivity, quality and profitability.”
The firm also says that EFI itself is a market leader in providing a complete ecosystem for corrugated production, including the EFI Nozomi C18000, an ultra-high-speed, single-pass LED inkjet press powered by the EFI’s Fiery DFE together with inks, and the EFI Corrugated Packaging Productivity Suite, the market’s first end-to-end software offering for business-management and manufacturing execution.
EFI says that the addition of Escada’s technology and expertise will enable EFI to expand its Productivity Suite’s value to sheet-feeders and full corrugated box plants, to also include comprehensive control and traceability for the entire corrugation process.
While EFI didn’t disclose financial terms of the acquisition, the acquisition isn’t expected to affect EFI’s fourth-quarter or full-year 2017 results. Escada employees, including founder and former principal Gavin Bushby, have joined EFI’s Productivity Software business unit.
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