Former Scitex businesses will be integrated into HP's Imaging and Printing Group.
HP has completed the acquisition of Scitex Vision for $230 million from Scitex Corporation Ltd. Originally signed in August, the acquisition agreement calls for Scitex Corporation to license its rights to the "Scitex" tradename to HP and Scitex Corporation will change its corporate name.
The Scitex Vision businesses acquired are principally located in the United States, Belgium, China, Israel, Mexico, and South Africa. The businesses will now be integrated into HP's Imaging and Printing Group.
"This purchase accelerates HP's push into one of the most significant and fastest growing market opportunities: to digitize analog prints and gain market leadership in the graphics industry," says Enrique Lores, vice president and general manager for HP's Large Format Printing, Imaging and Printing Group. "Customers soon will start to see the benefits of access to a much wider range of products and services while continuing to enjoy the same high levels of service."