EFI has been on the acquisition trail again, this time picking up Escada Systems, which makes Corrugator Control systems for the packaging market. It’s a privately held company based in the United Kingdom and with operations also in the United States.
The company dates back to 1985 and has installed some 300 systems in 30 countries. Its systems include both hardware and software and are designed to interface with different models of machines and other control systems. These systems are modular so that customers can build up different modules as budgets allow.
The acquisition makes good sense for EFI, which has taken aim at the corrugated market with the launch of its Nozomi C18000 inkjet press and the corresponding Corrugated Packaging Productivity Suite. 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.
As usual, EFI has opted not to disclose the financial terms of this deal but says that it won’t affect EFI’s Q4 or full year 2017 results. The company has already been renamed EFI Escada and its employees, including founder and former principal Gavin Bushby, have joined EFI’s Productivity Software business unit.
Gabriel Matsliach, senior vice president and general manager of EFI Productivity Software, commented: “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.”