The acquisition of Electronics For Imaging (EFI) by an affiliate of private equity firm Siris Capital Group has been completed.
The deal was first announced in April and values EFI at $1.7 billion.
Following the closing of the transaction, EFI will continue to operate under its current structure and be wholly owned by an affiliate of Siris. EFI’s common shares will be delisted from the NASDAQ exchange.
EFI CEO Bill Muir said, ‘This acquisition marks a new, exciting path forward in EFI’s 30-year history as a digital imaging technology leader. With Siris’ partnership, we will look to create new opportunities for our customers, partners and EFI employees worldwide.
‘We are looking forward to working with Siris to write the next chapter of innovation across our growing portfolio of solutions.’
Jeff Jacobson, Siris executive partner and EFI executive chairman, added, ‘EFI’s portfolio of best-in-class solutions presents an exciting opportunity to drive further growth in high-quality inkjet and integrated, digital workflows.’
