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Oce To Acquire Gretag Pro Imaging DivisionAcquisition includes wide-format inkjets, lasers
Products included in the acquisition will be the Arizona family of wide-format inkjet printers; Onyx PosterShop, a wide-format software RIP; the LightJet family of wide-format laser printers; and PosterGenie workflow software.
Under the agreement Oce will purchase the shares of Raster Graphics, the holding company for the Professional Imaging Group based in the United States, as well as the business-related assets of Raster Graphics' subsidiaries in Canada, the United Kingdom and Germany.
Following the planned merger, the group will be assimilated into Oce's Wide Format Printing Systems unit and will be called Oce Display Graphics Systems. Rak Kumar will continue to manage the new Oce Display Graphics Systems organization as its CEO. Terms of the deal have not been disclosed, but the Gretag Professional Imaging Division had 2000 revenues of $105 million. The group has 450 employees.
For more information, visit http://www.oce.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@example.com.
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