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Kodak To Nab EncadWide-format printer maker to become Kodak subsidiary in 2002
Right now, wide-format printing, including printers and supplies, is a $2.4 billion market. Kodak says this is growing at a 15 percent rate annually and expects its wide-format division to start contributing profit by 2003. Kodak's product offerings will include printers, media, inks and software.
Kodak introduced its own wide-format printer a couple months ago, though shipments in the United States will not begin until 2002. The printer is the Kodak Professional 5260 Inkjet Printer, the first in a new line of high-speed, wide-format inkjet printers. It uses piezo inkjet print head technology, six colors and Dynamic Contone printing.
The acquisition will cost Kodak $25 million. It is still pending regulatory and Encad shareholder approval.
For more information, visit http://www.kodak.com.
Dave Nagel is the producer of Creative Mac and Digital Media Designer; host of several World Wide User Groups, including Synthetik Studio Artist, Adobe Photoshop, Adobe InDesign, Adobe LiveMotion, Creative Mac and Digital Media Designer; and executive producer of the Digital Media Net family of publications. You can reach him at [email protected].
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