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Digital imaging software solutions developer Electronic For Imaging (EFI) has announced that it has completed the acquisition of Printcafe, a leading provider of print management information software. The process has taken over nine months to complete after the January 23 announcement that EFI had made an unsolicited offer to acquire all of Printcafe’s outstanding shares for US$2.60 per share. EFI’s offer followed Creo’s offer of US$1.30 per share, in a bidding process that sparked much angst on both sides.According to Guy Gecht, EFI CEO, the company needed a shareholder majority of over 50 per cent to close on the sale, and has achieved that with a healthy margin. Creo abstained from the voting process.
According to Eric Holtsmark, EFI Asia Pacific senior sales and marketing manager, the company has a number of plans for Printcafe in Australia, but that there is still a lot of work to be done.
"We have some plans, but since the acquisition has only just happened, we want to have a chat to the North American head office before we do anything," says Holtsmark.
