Seiko Epson Corporation (“Epson”) has announced that it has entered into an agreement
with affiliates of Siris Capital Group, LLC, including Electronics for Imaging, Inc., on
September 19, 2024, to acquire all interests in Fiery, LLC (“Fiery”), a leading U.S.-based
provider of digital front end (DFE) servers and workflow solutions for the print industry. The
transaction is subject to customary closing conditions, including regulatory approvals.
Both Epson and Fiery have a long-standing history of supporting customers by enhancing
productivity through digital printing technology. Fiery’s industry-leading products, which have
delivered exceptional results for over three decades, will complement Epson’s strategic
vision and hardware leadership, accelerating the growth of digital printing worldwide.
Yasunori Ogawa, Epson’s President and Representative Director said: “We are delighted to
welcome Fiery into the Epson Group. We are confident that this agreement will not only drive
further growth in our commercial and industrial printing businesses but also accelerate the
digital transformation of the analog printing market in innovative way. Together with Fiery,
we remain committed to contributing to our customers’ success and enhancing corporate
value as we pursue new opportunities in the evolving printing landscape.”
Toby Weiss, CEO of Fiery, said: “Epson’s acquisition of Fiery showcases the uniquely
important role we play in enabling success across the entire print industry. As the leader in
DFEs and workflow solutions, Fiery has built a long legacy of empowering OEMs to deliver the best possible results for their customers, and that legacy will be enriched under Epson’s
strategic vision. Epson is a legendary company in the print industry, and we are thrilled to
join the Epson family to drive the growth of digital printing around the world together.”
Frank Baker, Co-founder and Managing Partner of Siris said: “Siris has had an incredible
partnership with Fiery, and Epson is the ideal owner to shepherd the company through its
continued journey as a mission-critical technology provider to the printer industry.”
By joining Epson, a global leader in innovation, Fiery is better positioned to scale, drive
innovation, and continue delivering cutting-edge solutions to its customers while maintaining
its independence in areas where the company excels.
Following the consummation of the transaction, Fiery will continue to operate as an
independent provider of DFEs and workflow solutions to empower OEM partners to deliver
the best possible output from their devices and accelerate the development of digital printing
around the world.
The acquisition is expected to close within 2024, subject to regulatory approvals and other
closing conditions. After the acquisition, Fiery will join the Epson group while maintaining its
current name, organizational structure, and office locations. |