Based in Rosh Ha’Ayin, Israel with offices in the USA and Spain, Matan has developed digital printers and presses for a wide range of industrial applications for more than a decade. The company’s digital industrial inkjet printers are designed to offer high productivity, quality and durability, while ensuring a low cost of ownership. Matan’s focus on roll-to-roll workflow has resulted in “one of the industry’s strongest offerings of material-handling features, such as inline cutting and slitting.”
The acquisition was an all-cash transaction in which EFI paid the shareholders of Matan approximately $29 million to acquire all of the company’s outstanding shares. Under the purchase agreement, EFI also assumed approximately $5 million of Matan’s debt, and deposited $14 million into escrow to serve as security for EFI’s benefit for the indemnification obligations of the Matan shareholders.
