Tokyo (Dec. 3, 2024) — Seiko Epson Corporation announced that as of Dec. 2, 2024, the procedures to acquire all equity interest of Fiery held by Electronics for Imaging Inc. and an affiliate of Siris Capital Group, LLC is completed. As the amount invested in Fiery is more than 10% of the company’s capital, Fiery will become a specified subsidiary of the company.
As previously announced in the “Notice on the Acquisition of Equity Interest in Fiery, LLC (Specified Subsidiary)” dated Sept. 19, 2024, Seiko Epson Corporation resolved at a meeting of the board of directors to acquire all equity interests of Fiery, LLC and making it a subsidiary of the company.
Epson, which acquired Fiery for $568.7 million, plans to include it in the company’s consolidated financial results from the third quarter of the fiscal year ending March 31, 2025. The impact of this acquisition on future business performance is currently under scrutiny, and the company will promptly announce any matters that should be publicly announced.
###
About Epson
Epson is a global technology leader whose philosophy of efficient, compact and precise innovation enriches lives and helps create a better world. The company is focused on solving societal issues through innovations in home and office printing, commercial and industrial printing, manufacturing, visual and lifestyle. Epson’s goal is to become carbon-negative and eliminate use of exhaustible underground resources such as oil and metal by 2050.
Led by the Japan-based Seiko Epson Corporation, the worldwide Epson Group generates annual sales of more than JPY 1 trillion.
