EFI Bought 3D Design Software Producer

Israeli company Optitex Ltd. has been integrated into EFI’s Productivity software business unit.

According to globes, the acquisition is worth up to $52.8 million, with $20 million as an upfront cash payment.

Gabriel Matsliach (Pictured), Senior Vice President and General Manager, EFI Productivity Software, said, “We are thrilled to add the Optitex team and its fast-growing base of industry-leading customers to the EFI family. Optitex’s technology, combined with EFI Reggiani digital printers, will expand our textile ecosystem and help our customers set new standards for time-to-market, on-demand manufacturing, cost efficiency and automation in the textile industry.”

Asaf Landau, CEO of Optitex, said, “We are very excited to join the EFI family. EFI’s global presence, holistic solution approach, strong professional services abilities, and growing portfolio of innovative textile industry-specific products will be of great benefit to the leading companies we serve worldwide in the fashion, automotive, aerospace and technical textiles industries. I am truly enthusiastic about what is to come for these industries in the years ahead.”

Source: www.globes.co.il/

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