The process has taken over nine months to complete after the January 23 announcement that EFI had made an unsolicited offer to acquire all of Printcafe’s outstanding shares for US$2.60 per share. EFI’s offer followed Creo’s offer of US$1.30 per share, in a bidding process that sparked much angst on both sides.

According to Guy Gecht, EFI CEO, the company needed a shareholder majority of over 50 per cent to close on the sale, and has achieved that with a healthy margin. Creo abstained from the voting process.

According to Eric Holtsmark, EFI Asia Pacific senior sales and marketing manager, the company has a number of plans for Printcafe in Australia, but that there is still a lot of work to be done.

“We have some plans, but since the acquisition has only just happened, we want to have a chat to the North American head office before we do anything,” says Holtsmark.

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