Agfa-Gevaert NV announced that Siris Capital Group (together with its affiliates, Siris) has signed a strategic investment in Agfa-Gevaert NV to acquire a 19.1% stake currently held by Active Ownership. Terms of the transaction were not disclosed.
The transaction is subject to the closing of the previously announced agreement to combine Agfa’s Digital Printing Solutions business (Agfa DPS) with Electronics for Imaging, Inc. (EFI), a Siris portfolio company, which in turn is subject to customary regulatory approvals and closing conditions.
Frank Baker, Co-Founder and Managing Partner of Siris, said: “Agfa is a company with nearly 160 years of history, differentiated technical expertise and leading positions across attractive end markets. Through our work with the Agfa team on the EFI-Agfa DPS combination, we have gained an even deeper appreciation for the strength of the business, the quality of its people and the significant opportunities ahead. We are excited to deepen our partnership with Agfa and to serve as a constructive shareholder as the company continues to invest in its growth businesses and build on the transformation underway across the company.”