Silicon Valley-based textile printer EFI Reggianiannounced to have acquired privately held Turkey based BDR BoyaKimya, manufacturer of inks for industrial digital textile printing. Though the terms of the deal is still not disclosed, the BDR will continue its operation in Turkey.
EFI’s lineup of industrial textile inkjet printers is part of an ecosystem of textile design and production products, according to the company. Adele Genoni, Vice President and General Manager, EFI Reggiani, said in a statement ,”EFI Reggiani is also significantly strengthening its presence in Turkey with this acquisition, which brings u to the heart of an important and growing textile hub.”
“The synergies arising with BDR and the world-class portfolio of EFI Reggiani textile printers will be a key point of emphasis for us to continue providing high-quality products and innovation,” she further added.
The deal’s financials are not expected to be material to EFI’s second-quarter or full-year results, the company said. EFI Reggiani shares were trading up 0.27 percent to $37.35 accounted on 3rd May, 2019.