Global Graphics PLC: Global Graphics Acquires Xitron, LLC
08 Novembre 2019 - 8:00AM
Global Graphics PLC: Global Graphics Acquires Xitron, LLC
PRESS RELEASE – REGULATED
INFORMATION
GLOBAL GRAPHICS ACQUIRES XITRON,
LLC
Cambridge (UK), 8 November 2019 (08:00
CET): Global Graphics PLC (Euronext: GLOG) announces today
that on Thursday 7 November 2019 it acquired Xitron, LLC
(“Xitron”), a prepress solutions company headquartered in Ann
Arbor, Michigan, USA.
Xitron develops workflow systems and interfaces
to drive the prepress industry’s most popular output devices.
One of Global Graphics Software’s longest standing partners, it has
been building solutions around the Harlequin RIP® since 1991 to
drive hundreds of different models of imagesetters, proofers,
platesetters, inkjet printers, and digital presses.
With customers around the world, including North
and South America, China and Japan, the Harlequin-based Xitron
Navigator RIP enjoys an international reputation. In recent years
Xitron has been steadily increasing its footprint in production
inkjet with its Navigator driven digital front end (DFE) which
supports drive electronics from Meteor Inkjet and Global Inkjet
Systems and drive all Memjet and Canon Finetech heads directly.
Gary Fry, CEO of Global Graphics says “Xitron is
the lead player in pre-press RIPs with some 35,000 Harlequin
RIP-based installations around the world and an impressive network
of dealers and distributors. This acquisition allows us to further
develop our digital print strategy with a more complete offering
for industrial inkjet, such as textiles and décor, and with a
broader range of pre-press components for digital
applications.”
Karen Crews, president of Xitron, comments,
““Having developed prepress software solutions around the Harlequin
RIP® for nearly 30 years, Xitron is looking forward to the
collaboration and growth opportunities associated with this change.
As we continue to expand beyond our well-established presence in
offset, flexography, screen printing, and high-speed inkjet, we’re
excited to be a key part of Global Graphics’ strategic
initiatives.”
Consideration for the acquisition is $4.5
million in cash, paid in full on closing.
For the year ended 31 December 2018 Xitron
recorded revenue of $4.77 million and EBITDA of $0.47 million and
for the six months to 30 June 2019 revenue of $2.43 million and
EBITDA of $0.32 million.
About Global
Graphics
Through its operating subsidiaries, Global
Graphics PLC (Euronext Brussels: GLOG) is a leading developer of
platforms for digital inkjet printing and type design and
development. Customers for digital inkjet technology include press
manufacturers such as HP, Canon, Durst, Roland, Hymmen and Mark
Andy. Those for font design include numerous international
brands, from manufacturers such as Mercedes Benz and Siemens, to
digital media and epublishing companies. Global Graphics PLC
is headquartered in Cambridge UK. Its subsidiary companies
are printing software developers Global Graphics Software; the type
foundry, URW Type Foundry, and the industrial printhead driver
solutions specialists, Meteor Inkjet.
Contacts
Jill Taylor |
Graeme Huttley |
Corporate Communications
Director |
Chief Financial Officer |
Tel: +44 (0)1223 926489 |
Tel: +44 (0)1223 926472 |
Email: jill.taylor@globalgraphics.com |
Email: graeme.huttley@globalgraphics.com |