Fiery now becomes officially part of EPSON
With the completion of regulatory terms on December 2, 2024, Fiery LLC is now officially a 100 percent subsidiary of Seiko EPSON Corp. The acquisition price of approximately USD$568 million (JPY65 billion) represents 10 percent Seiko EPSON Corp’s capital. EPSON was also recognised as an ‘Elite’ IP company in November this year for the 10th consecutive year. Following the September announcement to acquire Fiery, the motivation to acquire Fiery from owners Siris Capital has attracted much analysis and speculation. What is clear is that, under existing CEO Toby Weiss, its business as usual…for now.
Fiery can certainly be regarded as a ‘jewel in the crown’ acquisition for EPSON with a client list that includes big names in digital printing across all formats, such as Canon, RICOH, MIMAKI, Roland, Brother, Xerox, FUJIFILM, Riso, Konica Minolta, Kyocera, HP, Landa, KOMORI, EFI, and EPSON itself. Seiko EPSON Corporation announced the ‘Notice on the Acquisition of Equity Interest in Fiery, LLC’ on September 19, 2024, whereby it resolved at a meeting of the Board of Directors to acquire all equity interests of Fiery, LLC and make it a subsidiary of the company.