EFI and Agfa’s DPS businesses to combine
Siris and Agfa-Gaevert have reached an agreement whereby their respective digital printing solutions businesses, Electronics for Imaging (EFI) and Agfa DPS, will come together as a new, jointly-held company to create a broader, more diversified, global, full-service industrial inkjet company, ‘with a more comprehensive product portfolio, expanded geographic reach and enhanced capabilities to serve customers across key end markets’.
The agreement follows a precent set by the global partnership EFI and Agfa established in 2024, which enabled both companies to expand their product offerings through access to complementary technologies, underscoring the value that their respective strengths, application expertise and expanded portfolios could create for customers worldwide. In the new jointly-held company, Siris will hold a 60% interest and Agfa a 40% interest, under a governance structure whereby both act as equal partners.
Pascal Juéry, CEO of Agfa-Gevaert, says: “This decision reflects our long-term commitment to digital printing and our conviction in the future of the industry. By bringing together Agfa DPS and EFI, we are creating a stronger business with greater scale, broader access and enhanced innovation capabilities. Rather than continue as a standalone business, we are choosing to partner with Siris to unlock the next phase of accelerated growth for our DPS business while maintaining meaningful upside for Agfa’s stakeholders.”
“Since our investment in EFI in 2019, we have supported the company’s evolution into a focused industrial inkjet leader, drawing on our experience helping technology and industrial businesses scale,” says Frank Baker, Co-Founder and Managing Partner. David Calamai, Managing Director of Siris, adds: “EFI and Agfa DPS bring together distinct and complementary capabilities, forming a business with the reach and depth to do more for customers across more markets. We look forward to partnering with Agfa to accelerate innovation and expansion for customers worldwide.”
The combination brings together two leading businesses with specialized technology capabilities and application focus areas to create a scaled industrial inkjet business with breadth across the fastest-growing segments of the industry. Backed by a global service network, the combined company will draw on a broader base of inkjet expertise spanning print engines, inks, software and workflow, shortening the path from development to production for customers.
The combined company is expected to have the potential to realise significant synergies over time, driven by enhanced cross-selling opportunities and the benefits of a platform with greater scale, including expanded access to new applications and geographies.
Today, EFI brings its reputation as a global leader in industrial inkjet to the table, having helped a number of companies accelerate their transition from analog to digital imaging. EFI has a particular strength in digital single pass for corrugated packaging, roll-to-roll, hybrid and textile printers through its Nozomi, VUTEK and Reggiani platforms. Agfa DPS, meanwhile, is already a widely-recognised leader in the provision of industrial inkjet solutions, with distinct strengths in display graphics, décor and packaging applications. Its recently renewed portfolio includes the Jeti TAURO, Onset PANTHERA and SpeedSet ORCA platforms.
Together, EFI and Agfa DPS expect to generate approximately €540 million (AUD$875m) of revenue in 2026 on a pro forma basis and will serve a diversified base of thousands of customers across more than 100 countries, supported by complementary geographic strengths across North America and Europe and a global sales and service network.
Vincent Wille, President of Agfa DPS, says: “We believe this combination can help accelerate the adoption of digital printing across the industry. By combining technology leadership, global reach and deep application expertise, we can help our customers achieve new levels of productivity, agility and sustainable growth, enabling them to innovate faster, reduce waste and create lasting value across the entire print ecosystem.”
Frank Pennisi, CEO of EFI, adds: “Our partnership with Agfa over the past two years has highlighted the strength of our complementary technologies, expertise and teams. This combination is a natural next step that allows us to build on that momentum with a broader platform, accelerating innovation and expanding the solutions we can deliver to customers across industrial inkjet.”
