X-Rite has completed the purchase of Pantone, Inc. for a purchase price of 180 million dollars.
Anticipated strategic, operational and financial benefits of the acquisition include:
• Deepening X-Rite’s range of offerings by adding colour standards to its leadership position in hardware, software and services solutions
• Leveraging X-Rite’s global presence and distribution capabilities to expand the reach of Pantone’s colour solutions
• Enhancing X-Rite’s revenue generating opportunities and further diversifying its revenue base
• Accelerating technology and business model innovation
• Achieving significant synergies in marketing, operations and administration
The transaction is expected to be accretive to X-Rite’s cash earnings per share during year two of the combined operations. X-Rite expects to achieve approximately $6.5 million of annual operating expense cost savings associated with the transaction in this time period.
DES Pty Ltd
www.des-pl.com.au
