HP boosts wide format presence with 127m buy

Hewlett-Packard has extended its reach in the digital print market snapping up superwide format printer firm Scitex Vision.

The deal for 127m ($230m) provides the imaging and IT giant with a portfolio of production machines and a proprietary piezo ink-jet technology that complements its DesignJet range of wide-format machines and thermal print heads.

The future of ownership of Scitex Vision has been subject to speculation since the start of this year, when it was revealed that majority shareholder Scitex was considering its options. In March the firm said it was in discussion with an unnamed potential buyer.

Scitex Vision will become part of the firm's Imaging and Printing Group, which also includes fellow Israeli digital print developer Indigo.

Story by Barney Cox