The firm is paying 7m ($11.25m) to buy First Graphics plate line in South Africa.
This establishes us as a fully integrated player, said chief executive Amos Michelson. We can now offer one-stop support from software to the pressroom.
The firm, which has in the past been anti-bundling, acknowledged that it had to offer this to compete in the B2 and B3 markets with other integrated suppliers such as Agfa and Fuji .
We couldnt compete, said Creo corporate vice president marketing Boudewijn Neijens. This deal puts us on an equal footing with our rivals.
What is it they say about imitation being the sincerest form of flattery? asked Agfa UK Graphic Systems director Laurence Roberts.
However, not all firms see the one-stop shop as the only approach. According to KPG UK managing director Terry Baber, the move will not affect the firms strategy and he knew of no plans to return to the sale of electronics.
As well as its own factory, Creo is also using US and European plate manufacturers to make plates to its specification, something it has been testing for the past 18 months.
The biggest proportion of plates we sell today use our technology, but I cant say who makes them, said Michelson.
Creos suppliers for bundle deals are Ipagsa in Europe and Spectratech in North America.
It claimed that it now had access to enough capacity to supply 25% of the current demand for thermal plates, which it estimated would be 95m m2 this year.
Consumable revenues, including plates, are projected to account for 20% of its revenues by 2007, when it plans to be a $1bn firm.
Have your say in the Printweek Poll
Related stories
Latest comments
"I have worked in quite a few print sectors, including Walstead in the past. It is all tough, but most will not be surprised that the packaging sector is still growing. However, the service in the..."
""longer run litho work had “now returned to the Far East”?
Is this happening a lot?"
"Thanks Jo, look forward to reading it in due course. Administrators generally argue that they need to act with lightning speed in order to protect the business/jobs, thereby overlooking the fact that..."
Up next...
Revenue up to £3.2m, profits quadupled
Footprint picks up pace of acquisition strategy with Swindon’s C3
Controversy emerges over relationship with potential suitor
National World shares soar on takeover approach
24/7 access for customers
Bakergoodchild launches new SaaS platform
Strategic move for global growth