Epson has entered into an agreement with affiliates of Siris Capital Group, including EFI, to acquire Fiery for approximately US$591 million ($875 million). After the acquisition, Fiery will become part of the Epson group, but retain its current name and organisational structure, and continue to operate from its existing offices.
According to Fiery, by joining Epson, it is better positioned to scale, drive innovation, and continue delivering solutions to its customers while maintaining its independence in areas where the company excels.
Fiery is a US-based company and provider of digital front end (DFE) servers and workflow solutions for the print industry.
Siris acquired Fiery as part of its take-private acquisition of EFI in 2019. Under Siris’ ownership, Fiery separated from EFI in 2021 to become an independent company.
Fiery’s products have enabled the results that printers have relied on for over three decades, and Epson said Fiery’s software, server, and workflow solutions will complement its strategic vision and hardware leadership to accelerate the growth of digital printing around the world.
Epson president and representative director Yasunori Ogawa said, “We are delighted to welcome Fiery into the Epson Group.
“We are confident that this agreement will not only drive further growth in our commercial and industrial printing businesses but also accelerate the digital transformation of the analog printing market in innovative way. Together with Fiery, we remain committed to contributing to our customers’ success and enhancing corporate value as we pursue new opportunities in the evolving printing landscape.”
Fiery CEO Toby Weiss said, “Epson’s acquisition of Fiery showcases the uniquely important role we play in enabling success across the entire print industry. As the leader in DFEs and workflow solutions, Fiery has built a long legacy of empowering OEMs to deliver the best possible results for their customers, and that legacy will be enriched under Epson’s strategic vision.
“Epson is a legendary company in the print industry, and we are thrilled to join the Epson family to drive the growth of digital printing around the world together.”
The acquisition is expected to close in 2024, subject to necessary regulatory approvals and other customary closing conditions.
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