Flint Group has today announced the acquisition of Xeikon*, a leading digital solutions provider to the packaging and commercial printing markets. Headquartered in Eede in the Netherlands, with operations in Lier, Ieper and Heultje Belgium, Xeikon, designs, develops and delivers high-end digital colour presses and consumables for the global commercial, document, label and packaging market segments, distributing its solutions through a worldwide sales and service network.
Latest acquisition reinforces EFI's position in the UK MIS market
ClearOne (NASDAQ: CLRO), a global provider of audio and visual communication solutions, today announced that it has opened an office in the Dubai region of the United Arab Emirates to provide enhanced support for its Middle East business. The office will provide local ClearOne sales & marketing support, with plans for additional services to regional partners and customers.
OUTFRONT Media Inc. (NYSE: OUT) and JCDecaux SA (Euronext Paris: DEC) announced today that they have entered into an agreement to sell the Latin America business of OUTFRONT Media to JCDecaux Latin America / Corameq, which is 85% owned by JCDecaux SA. The purchase price is $82 million cash, subject to working capital and indebtedness adjustments. The transaction is expected to close in the first half of 2016, subject to customary closing conditions including regulatory approval.
A subsidiary will represent swissQprint in the US from now on.
The companies will work together to deliver continued product innovation and drive additional value for customers
Securitas has agreed to acquire the commercial contracts and operational assets of Diebold Incorporated's (NYSE-DBD) Electronic Security business in North America, and will operate as Securitas Electronic Security Inc. The 12-month sales of the acquired Diebold Electronic Security operation, from June 30, 2014 through June 30, 2015, are MSEK 2 760 (MUSD 330). The purchase price is approximately MSEK 2 900 (MUSD 350) on a debt-free basis including a normalized working capital, which according to Securitas' calculations equates to approximately 11x estimated EBITDA for 2015, of the acquired operation after it has been separated from Diebold Incorporated. The acquisition will be accretive to Securitas earnings per share as of 2016.
- Divestiture accelerates Diebold's transformation, enhancing focus on opportunities in dynamic self-service industry
- Deal valued at approximately $350 million
- Securitas to serve as Diebold's preferred electronic security provider in North America, combining expertise and facilitating a smooth transition for Diebold customers
Versa Capital Management, LLC ("Versa"), a private equity firm focused on control investments in special situations, announced today that its portfolio company Bell and Howell, LLC has secured a $25 million revolving ABL credit facility from Bank of America, N.A. The new financing provides the previously debt free Bell and Howell with a long-term capital structure that will facilitate its continued profitable growth. Bell and Howell, which has undergone a successful transformation over the past 24 months, provides customers globally with products and services that enrich communications and commerce in print, mail and parcels, and information infrastructure.
UPM increases the IFRS fair value of its forests in Finland - Q3 2015 business performance in line with the company's outlook
Gospel Light Publications - well known for its Sunday School Curriculum and Vacation Bible School - will sell its assets at auction, the bids are due by October 23rd
IBM (NYSE: IBM) today announced that it has completed the acquisition of Merge Healthcare Incorporated, a leading provider of medical image handling and processing, interoperability and clinical systems. Under terms of the $1 billion transaction, Merge shareholders will receive $7.13 per share in cash.
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