X-Rite, Inc. and Amazys Holding AG, two leading providers of color measurement solutions comprised of hardware, software and services for the verification and communication of color data have entered into a definitive agreement under which X-Rite will offer to purchase all of the outstanding registered shares of Amazys Holding AG for a purchase price of approximately $280 million plus 2.11 shares of X-Rite, Inc. stock per share. Amazys develops, markets and supports hardware, software and services to measure and communicate color under the GretagMacbeth brand.
“X-Rite is excited about the opportunity to achieve greater scale, reduce operational costs and leverage combined R&D efforts. With the combined company, we will be in a position to deliver more innovative and high quality solutions,” said Michael C. Ferrara, X-Rite CEO. “We believe this is a strategic combination that will provide value for our shareholders, customers, employees and partners.”