Epson To Acquire Fiery In US$ 591 Million Deal
Fiery, LLC, the print industry’s leading innovator of digital front ends (DFEs) and workflow software, announced an agreement with Seiko Epson Corporation for Epson to acquire Fiery from Siris Capital Group in a transaction valued at approximately US$ 591 million.
Fiery’s cutting-edge products have enabled exceptional colour, personalization, performance and efficiency for print businesses for over three decades. The acquisition will enhance Epson’s strategic vision and hardware leadership, driving growth across a wide range of print devices and applications.
After the transaction is finalized, Fiery will continue to operate independently, providing DFEs and workflow solutions to empower OEM partners in digital printing worldwide.
Toby Weiss, CEO of Fiery, remarked, “Epson’s acquisition highlights our critical role in the print industry. We look forward to building upon our legacy with Epson and our valued partners.”
Yasunori Ogawa, President of Epson, expressed confidence that the agreement would drive further growth in commercial and industrial printing while accelerating the digital transformation of analog printing.
Siris acquired Fiery during its 2019 take-private acquisition of Electronics for Imaging, Inc. Under Siris, Fiery became independent in 2021 and has since expanded its product portfolio and invested in innovative technologies.
The transaction, subject to regulatory approvals, is expected to close within 2024. DC Advisory and UBS Investment Bank acted as exclusive financial advisors to EFI in connection with the sale.
