Picks up corrugator control systems provider
EFI has confirmed it has acquired Escada Systems, the provider of corrugator control systems. Based in the UK and with operations also in the US, privately held Escada brings a strong reputation for innovation and experience in helping packaging companies to achieve greater productivity, quality and profitability. The addition of Escada's technology and expertise will enable EFI to expand the Productivity Suite's value to sheet feeders and full corrugated box plants, to also include comprehensive control and traceability for the entire corrugation process.
"We are thrilled to add the Escada team and technology to our leading portfolio for the Packaging industry," said Gabriel Matsliach, senior vice president and general manager, EFI Productivity Software. "The addition of Escada makes EFI a one stop shop for enabling packaging companies to improve the quality, efficiency and profitability of the corrugation process, using their existing corrugators."
While financial terms of the acquisition were not disclosed, it is not expected to be material to EFI's Q4 or full year 2017 results. Escada employees, including founder and former principal Gavin Bushby, have joined EFI's Productivity Software business unit. "We are excited to join the EFI family and to play a role in EFI's strategy for the packaging industry," said Gavin Bushby, Chairman of Escada. "EFI global scale and reach will enable more customers to benefit from our innovative technologies for years to come. I look forward to being an active member of this world-class organisation and to help them innovate to advance both traditional and digital on-demand technologies and help our industry and customers to grow and prosper."