EFI™ (Nasdaq: EFII) is marking the 10-year anniversary of its acquisition of VUTEk®, a pioneering developer of superwide-format industrial inkjet technologies. The landmark deal, completed on June 3, 2005, moved EFI from focusing only on digital production and print MIS workflows into the industrial inkjet space – an industry segment that continues to be one of the best-performing parts of the global graphic arts and printing market.
EFI™ (Nasdaq: EFII) is marking the 10-year anniversary of its acquisition of VUTEk®, a pioneering developer of superwide-format industrial inkjet technologies. The landmark deal, completed on June 3, 2005, moved EFI from focusing only on digital production and print MIS workflows into the industrial inkjet space – an industry segment that continues to be one of the best-performing parts of the global graphic arts and printing market.
When EFI first announced its plans to acquire VUTEk, EFI CEO Guy Gecht praised the Meredith, N.H.-based company as “the best acquisition to enter the market,” adding that “its UV applications bring interesting advantages to our customers.”
“Ten years later, the significant success we have seen with our VUTEk, Jetrion and Cretaprint products definitely validates our decision to enter the industrial inkjet market,” Gecht said today.
“I’m tremendously proud, looking at our accomplishments over the past decade, of the innovation that EFI has brought to industrial inkjet and the success of our customers across the world,” said Scott Schinlever, who joined EFI as part of the VUTEk acquisition and is now SVP/GM of EFI Inkjet Solutions. “Ten years later, when I look at the team, road map and market expectations, I can only conclude that the best is yet to come.”
Today, EFI’s robust inkjet portfolio has expanded beyond VUTEk superwide-format printers to include Jetrion label and packaging printers, wide-format printers, inks and Cretaprint ceramic tile printers.
You can watch the evolution of EFI inkjet innovations in a new video on EFI’s YouTube channel.
For more information about EFI’s industrial inkjet production technologies, visit www.efi.com or contact 800-875-7117.