The 144-staff firm, which is based in Wilmington in the USA, has been sold to a Boston-based private equity firm TA Associates for 92m ($169m). It will now be known as Monotype Imaging.

Agfa said that with its concentration on pre-press and industrial ink-jet the font business was not a core activity and would be in a stronger position with an investor committed to it. The cash deal was closed today.

Agfa closed the previously announced deal to sell off its consumer imaging business earlier this week.

2,860 staff transferred to AgfaPhoto, which is made up of the old Agfa photographic film and photo processing business.