Agfa-Gevaert and ProImage have announced that they have signed an agreement by which Agfa will acquire all the assets and staff of ProImage, a leading developer of browser-based digital workflow solutions for the newspaper and printing industries. ProImage employs 29 people worldwide and its revenue in 2003 totalled 6.7 million USD.
Agfa will continue to use the ProImage brand with the same products and customer support. ProImage will benefit from being part of a large company that is committed to the newspaper industry and has a deep understanding of its needs.
"This deal enables us to serve the newspaper market even better," said Kurt Smits, director of Agfa's newspaper business worldwide. "Using a multi-brand, multi-channel approach, we can now offer customised total solutions including hardware, software and consumables as well as tailored packages for customers who prefer a multi-vendor solution."
"Our customers will continue to enjoy the same high level of service from the same experienced staff," said Dov Rainis, CEO of ProImage, "but they will also benefit from combined industry expertise, a broadened technology base and a long-term commitment and strategy."
About Agfa.
The Agfa-Gevaert Group is one of the world's leading imaging companies. Agfa develops, manufactures and markets analogue and digital systems, intended mainly for the graphics industry, healthcare, micrographics, motion picture and photography markets.
Agfa's headquarters are in Mortsel, Belgium. The company is active in 40 countries and has 120 agents throughout the world. Together they achieved a turnover of 4,215 million euros in 2003. Product and company information can be found on Agfa's home page on the World Wide Web at: www.agfa.com.
About ProImage.
Established in 1995, ProImage is a leading developer of browser-based digital workflow solutions for the newspaper and printing industries. Using a standard Internet browser and standard platform hardware, ProImage's advanced technology offers the printing industry a flexible and feature rich end-to-end communications and workflow management solution. ProImage is based in Or Akiva, Israel, twenty miles north of Tel Aviv, with sales and support subsidiaries in North America (Princeton, New Jersey) and Europe (London, UK). The company employs 29 people worldwide and its revenue in 2003 totalled 6.7 million USD.
