Siris, Agfa to combine digital printing businesses in global joint venture

  • Siris and Agfa will combine EFI and Agfa’s digital printing businesses into a global joint venture.
  • The venture is expected to generate about €540 million in 2026 pro forma revenue.
  • Siris will buy 19.1% of Agfa from Active Ownership, subject to transaction closing conditions.

Belgian imaging and IT firm Agfa-Gevaert will combine its Digital Printing Solutions business with Electronics for Imaging, or EFI, an industrial inkjet maker owned by investment firm Siris Capital Group, to create a jointly owned global business. Siris will hold 60% of the venture and Agfa 40% under an equal partnership governance structure. Separately, Siris will buy a 19.1% stake in Agfa from Active Ownership, Agfa’s largest shareholder. The combined operation will bring together EFI’s packaging and textile printers with Agfa’s display graphics and decor applications and is expected to generate about €540 million ($615 million) in pro forma revenue in 2026. The transactions are expected to close by the end of 2026, subject to regulatory approvals and customary closing conditions. The investment also gives Siris broader exposure to Agfa’s HealthCare IT business, which is shifting toward cloud and SaaS delivery and has received three Best in KLAS 2026 awards.

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