Despite becoming wholly owned by a Siris affiliate, the company will continue to operate as EFI, though its common shares will be delisted from the NASDAQ exchange.
“This acquisition marks a new, exciting path forward in EFI’s 30-year history as a digital imaging technology leader,” EFI CEO Bill Muir said. “With Siris’ partnership, we will look to create new opportunities for our customers, partners, and EFI employees worldwide. We are looking forward to working with Siris to write the next chapter of innovation across our growing portfolio of solutions.”
“EFI’s portfolio of best-in-class solutions presents an exciting opportunity to drive further growth in high-quality inkjet and integrated, digital workflows," added Jeff Jacobson, Siris executive partner and EFI executive chairman. "I look forward to working closely with management and know Siris is committed to providing the guidance and support needed to help EFI continue accelerating the transformation of industries where colorful images matter.”
The transaction, which was initially announced on April 15, 2019, was approved in a shareholder vote on July 15, 2019, in which 72.2% of EFI’s outstanding shares and 99.7% of voted shares were voted in favor of the transaction.