Recently, the global on-demand printing giant Cimpress reached a final agreement with WirMachenDruck, which will purchased in Germany network printing company.
As a VistaPrint companys parent company, Cimpress has been active in the past two years at the forefront of European mergers and acquisitions.
Cimpress said the latest acquisition is a complement to its investment and support to establishment a platform for mass customization.
We expect this acquisition will strengthen the Cimpress platform for mass customization, and for Germany customer service capabilities. Cimpress President and CEO Robert Keane said.
WirMachenDruck has an impressive capacity of network-based services, to concentrate large quantities of small orders are aggregated into a professional production network system.”
Cimpress hope the deal can be at the end of the third quarter of its fiscal year 2016, which is completed by March 31, 2016.
WirMachenDruck number of employees and turnover has not been made public, but Cimpress said the company leaders and staff changed much.
Cimpress corporate communications Vice President Paul McKinley says: acquisition was a mutual decision, and we hope that is good for both companies.”
WirMachenDruck is one of our biggest investment, we hope to learn a lot from their unique business model.”
Cimpress has over 6,800 employees worldwide, reported that its 2015 annual revenues of $ 1.5 billion. The company produced more than 46 million each year design project.
