California-based Raster Printers offers a range of environmentally friendly UV wide-format printers currently marketed under the brand name Daytona, targeted at mid-range customers in the display graphics market.

EFI president Fred Rosenzweig said: "The acquisition of Raster will allow us to expand our product line and offer a variety of price-point products, significantly increasing our addressable market.

"It will also allow us to further leverage our sales force and distribution channels, while solidifying our position as the leading provider of wide-format UV inkjet technology."

The deal, which includes a cash earn-out amount that is contingent upon achieving certain performance targets, is expected to close in the fourth quarter of 2008 and be immaterial to EFI's revenues and earnings for that quarter.

Rak Kumar, president of Raster Printers, which was founded in 2004, said: "Being part of the EFI group will help us deliver the highest quality solutions and provide our customers with a portfolio of new, powerful products to assist in their success and profitability."