HP completes $230 million acquisition of Scitex Vision

HP has announced that it has completed the acquisition of Scitex Vision, a market leader in industrial wide-format digital printing for $230 million from Scitex Corporation Ltd. The acquisition agreement was originally signed on August 11. The Scitex...

HP has announced that it has completed the acquisition of Scitex Vision, a market leader in industrial wide-format digital printing for $230 million from Scitex Corporation Ltd.

The acquisition agreement was originally signed on August 11. The Scitex Vision businesses acquired are principally located in the US, Belgium, China, Israel, Mexico and South Africa, and are being integrated into HP's Imaging and Printing Group (www.hp.com).

The acquisition has expanded HP's leadership in printing into the industrial wide-format category, which includes signage and industrial applications such as billboards, banners, street advertising and packaging.

This strengthens HP's position as a one-stop partner for providers of print services with a product portfolio of large-format printers, digital presses and now industrial wide-format printers, providing a significant competitive advantage.

For the year ended July 31 HP revenue totalled $85.2 billion.

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