The 148m ($281m) cash deal is expected to be closed in the third-quarter and to contribute to EFI's earnings immediately and add revenues of 38m in the second half of the year.

"Vutek will be an excellent addition to EFI's solutions for the commercial printing market," said EFI chief executive Guy Gecht. "We expect this acquisition to not only be accretive immediately, but to provide EFI with new revenue streams in the future."