menu
Agfa has announced it has agreed to buy the majority of the assets of large-format manufacturer Gandi Innovations, currently trading in creditor protection.The Canadian inkjet specialist first revealed it was to pursue a sale through court documents posted on 26 June. The Gandi products would sit within Agfas range of inkjet presses, complementing the likes of the high end:M-Press Tiger industrial flatbed inkjet press and the newly launched printing engines in the :Anapurna large format range. This is an important step in implementing our inkjet growth strategy. As our own portfolio consists of entry-level and high-end inkjet systems, Gandi Innovations mid-range systems are a 100% complementary fit with our existing inkjet technology, said Agfa Graphics vice president inkjet Richard Barham. The 256-staff company was founded in 2001 with headquarters and production facilities in Mississauga (Canada) and recorded sales for 2008 of $127m.The acquisition is subject to regulatory and court approval and the successful closing of the transaction. Financial details were not disclosed, but the company maintained that it will have no major impact on Agfas financial debt.