In a move to expand its inkjet focus with ceramic-tile printing, EFI has acquired privately held Cretaprint S.L. based in Castellón, Spain, from where the tile-printing technology developer will continue to operate for the foreseeable future.
Cretaprint claims to have a global network of over 1,700 customers. “We have been tracking the swift transformation from analogue to digital technology in tile imaging for quite some time, and have been deeply impressed with the fast growth and global leadership position of Cretaprint,” said Guy Gecht, CEO of EFI.
At the same time, EFI provided its preliminary results for the fourth quarter of 2011, ended December 31. For the fourth quarter the company expects revenues of approximately US$163 million compared to US$145 million in the fourth quarter of 2010. This marks EFI’s eighth consecutive quarter of double-digit growth, according to the company, which noted how its Q4 results were largely driven by revenues in both its Inkjet and APPS/MIS segments.
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