Siris and Agfa combine EFI with Agfa's inkjet unit in new venture

Electronics for Imaging, backed by private equity firm Siris, and Agfa-Gevaert have signed a definitive agreement to merge Agfa's Digital Printing Solutions business into EFI. A Siris affiliate will hold 60% of the new jointly held company and Agfa 40%, with the combined business expected to generate about EUR 540m (USD 625m) of revenue in 2026 on a pro forma basis. The deal, which follows a 2024 partnership between the two, is expected to close by the end of 2026 subject to regulatory approvals.

Why this mattersCreates a larger-scale industrial inkjet supplier spanning corrugated packaging, display and textile printing, consolidating a fragmented digital press market.

• Siris affiliate to hold 60% and Agfa 40% of the combined company
• Combined pro forma 2026 revenue estimated at EUR 540m (USD 625m)
• EFI brings Nozomi, VUTEK and Reggiani platforms; Agfa DPS brings Jeti TAURO, Onset PANTHERA and SpeedSet ORCA
• Deal follows a global technology partnership the two companies formed in 2024
• Transaction expected to close by end of 2026, subject to regulatory approvals
• DC Advisory and Sidley Austin LLP advised EFI and Siris on the deal

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