The wholesale purchase acquisition will preserve Fiery as an independent DFE provider and strengthen its industry leadership.
Epson has entered into an agreement to acquire the Digital Front End and workflow software innovator, Fiery, from Siris in a transaction valued at approximately $591 million.
Fiery products have enabled print businesses in brilliant colour, personalization, performance and efficiency for more than three decades. Fiery’s software, server, and workflow solutions will complement Epson across its broad range of print devices and applications.
Following the consummation of the transaction, Fiery will continue to operate as an independent provider of DFEs and workflow solutions – empowering OEM partners to deliver the best output from their devices and accelerate the development of digital printing.
“Epson’s acquisition of Fiery showcases the uniquely important role we play in enabling success across the entire print industry,” said Toby Weiss, CEO of Fiery. “Fiery has a demonstrated track record of empowering OEM partners to deliver the best possible results for its customers, and we look forward to building upon this legacy with Epson and our valued partners. I’d also like to thank Frank and the entire Siris team for their invaluable guidance and expertise.”
“We are delighted to welcome Fiery into the Epson Group. We are confident that this agreement will not only drive further growth in our commercial and industrial printing businesses but also accelerate the digital transformation of the analog printing market in an innovative way,” said Yasunori Ogawa, President and Representative Director, Epson. “Together with Fiery, we remain committed to contributing to our customers’ success and enhancing corporate value as we pursue new opportunities in the evolving printing landscape.”
“Under our ownership, Toby and the Fiery team accelerated investments in innovative technologies and expanded the product portfolio for the benefit of their OEM partners,” said Frank Baker, a Co-Founder and Managing Partner at Siris. “Epson is the ideal partner for Fiery’s next chapter, and we look forward to seeing how Fiery builds upon its leading position within the print industry moving forward.”
The transaction remains subject to customary closing conditions including regulatory approvals and is expected to close within 2024.
Led by the Japan-based Seiko Epson Corporation, the worldwide Epson Group generates annual sales of more than JPY 1 trillion.
