EFI has acquired Escada Systems, a UK-based provider of corrugator control systems, strengthening the company’s portfolio for the packaging market.
The new acquisition is expected to boost EFI’s Corrugated Packaging Productivity Suite, the end-to-end software for business management and manufacturing execution. 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.
‘We are thrilled to add the Escada team and technology to our leading portfolio for the packaging industry,’ said Gabriel Matsliach, senior vice president and general manager, EFI Productivity Software. ‘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.’
While financial terms of the acquisition were not disclosed, it is not expected to be material to EFI’s Q4 or full year 2017 results. Escada employees, including founder and former principal Gavin Bushby, have joined EFI’s Productivity Software business unit.
‘We are very excited to join the EFI family and to play a role in EFI’s strategy for the packaging industry,’ said Gavin Bushby, chairman of Escada. ‘EFI global scale and reach will enable more customers to benefit from our innovative technologies for years to come. I look forward to being an active member of this world-class organisation and to help them innovate to advance both traditional and digital on-demand technologies and help our industry and customers to grow and prosper.’
Escada Systems
