Oc' North America is getting smarter about manufacturing and moving its inkjet plant from Santa Clara, CA to Vancouver, Canada where they still produce LightJet digital photo printers in the former Cymbolic Sciences facility.
Durst Image Technology US looked rather quiet in its small booth, but its activity was in its Mandalay Bay hotel suite where an exclusive group of customers were given a presentation on an entirely new product that will be introduced at FESPA, the Screen Show in Munich, Germany.
Scitex Vision and VUTEk announced lower ink prices, but some inks are still pretty pricey. Consider RedHill at $85/liter and Seiko at $299.
Ink prices are a big concern to many big producers as the cost of media and ink can be the determining factor in whether or not they can price a job competitively. Scitex Vision for one is taking its customers into consideration as it has lowered prices on both solvent and UV curing inks. VUTEk also announced it is offering lower ink prices. It is rumored that HP will build an ink company in Israel and this could have an effect on their prices.
Mergers & Acquisitions
The big news was the pending purchase of Scitex Vision by Hewlett Packard.' HP acquired Indigo, another Israeli company several years ago, so it may be a good fit. 'The other news as we went to press was that EFI (Electronics for Imaging), a world leader in digital imaging and print management solutions for commercial and enterprise printing and better known for its Fiery RIP, announced it has signed an agreement to acquire privately held VUTEk, Inc., the market share leading provider of superwide format digital inkjet printers, for approximately $281 million in cash.'' EFI expects the transaction to close early in the third quarter of 2005, subject to regulatory approval.'' The acquisition is expected to be immediately accretive upon closing, adding approximately $72 million in revenue and $0.11 in pro forma diluted earnings per share in the second half of 2005.