Epson has entered into an agreement with affiliates of Siris Capital Group, private equity firm, including Electronics for Imaging to acquire all interests in Fiery, provider of digital front end (DFE) servers and workflow solutions for the print industry, for approximately $591 million (£446 million), subject to customary closing conditions including required regulatory approvals.
Epson has said Fiery’s software, server, and workflow solutions will complement its strategic vision and hardware leadership to accelerate the growth of digital printing around the world.
Yasunori Ogawa, Epson’s president and representative director, said, ‘We are delighted to welcome Fiery into the Epson Group. We are confident that this agreement will not only drive further growth in our commercial and industrial printing businesses but also accelerate the digital transformation of the analogue printing market in innovative way. Together with Fiery, we remain committed to contributing to our customers’ success and enhancing corporate value as we pursue new opportunities in the evolving printing landscape.’
Toby Weiss, CEO of Fiery, added, ‘Epson’s acquisition of Fiery showcases the uniquely important role we play in enabling success across the entire print industry. As the leader in DFEs and workflow solutions, Fiery has built a long legacy of empowering OEMs to deliver the best possible results for their customers, and that legacy will be enriched under Epson’s strategic vision. Epson is a legendary company in the print industry, and we are thrilled to join the Epson family to drive the growth of digital printing around the world together.”
Frank Baker, co-founder and managing partner of Siris, stated, ‘Siris has had an incredible partnership with Fiery, and Epson is the ideal owner to shepherd the company through its continued journey as a mission-critical technology provider to the printer industry.’
After the acquisition, Fiery will become part of the Epson group, retain its current name and organizational structure and continue to operate from its existing offices.
