Sunday, April 9, 2006
GMB Acquisition Saga Continues
Eichhof Holding AG, the Swiss company that had announced plans to offer a counter-bid for Amazys Holding AG released a statement today indicating they will not place a competing bid for the assets of GretagMacbeth:
Eichhof Holding AG opts not to bid for Amazys Holding AG
The Board of Directors of Eichhof Holding AG has decided following a careful evaluation of the opportunities and risks and although financing has been secured, not to make a bid for Amazys Holding AG. An analysis has shown that Datacolor is now very well positioned to grow on its own. With a solid financial base and sound earning power, the Eichhof Group plans to invest in accelerating the expansion Datacolor's global market leadership within the textile industry, in the color calibration of monitors, printers and projectors, and elsewhere. In this way Datacolor will benefit from the current phase of restructuring in its industry and can exploit the major potential of the global color management market.
I would hate to work in the sales and marketing departments of X-Rite and GretagMacbeth during this transition time. I would think there is a slight Osborne effect as buyers of color management hardware and software hold out to see what will happen once X-Rite takes over the assets of GretagMacbeth.
Previously on Printmode:
GMB Acquisition Redux
X-Rite acquires GretagMacbeth
Posted in: Industry News
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