The firm was "delighted with the early closure of the acquisition" of the superwide ink-jet printer manufacturer for 154.5m ($281m), which has led it to release a more upbeat outlook for its second quarter's figures.
EFI expects the purchase to add nearly 6m to its revenues, taking the total to almost 52m for the quarter ending June 30. Earnings per share should be around 6p (11 cents).
"We are excited about the growth opportunities for the superwide digital ink-jet market as well as the synergies with EFI's existing products," said chief executive Guy Gecht. "We feel confident we will deliver on the prior outlook for our existing businesses."
Story by Jez Abbott
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"No Mr Bond, I expect you to di-rect mail"
"I'm sure this will go down well with print supply chain vendors. What terms is it that ADM are after - 180 days is it?"
"Hello Set Off,
Unencumbered assets that weren't on the Reflections books, I believe.
Best regards,
Jo"
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