X-Rite, Inc. has completed its acquisition of Amazys Holding AG for a total purchase price of approximately $280 million. The acquisition was financed through a combination of cash, debt and X-Rite stock. Amazys develops, markets and supports hardware, software and services to measure and communicate color under the GretagMacbeth brand. The combined company will be called X-Rite, Inc.
A team of X-Rite and GretagMacbeth executives will lead the combined organization. Michael C. Ferrara is the chief executive officer, Thomas J. Vacchiano, Jr. is the president and chief operating officer, Mary E. Chowning is the chief financial officer, and Francis Lamy, Ph.D., is the chief technology officer. The X-Rite Board of Directors is now composed of nine members, including six current directors of X-Rite and three former directors of Amazys Holding AG.
The global headquarters for the combined entity is in Grandville, MI, with European Headquarters in Regensdorf, Switzerland, and Asia Pacific Headquarters in Hong Kong.
For more information about the acquisition, call 616.257.2130 or visit www.xrite.com .
X-Rite Completes Acquisition of Amazys Holding AG
August 4, 2006