EFI Acquires BDR Boya Kimya
BDR is being integrated into EFI™ Reggiani, a global leader in textile printer technology, and it will continue to develop inks, working closely with and supporting its clients while expanding and growing its capabilities. BDR’s employees are joining EFI, working from their current sites in
“We are excited to have the BDR team on board and to fully support their industry-leading customers,” said EFI Reggiani Vice President and General Manager
Founded in 2016, BDR has experienced remarkable growth since its launch in the market. The company services many of the world’s top textile and apparel manufacturers, delivering trusted products that drive greater cost-efficiency and quality in digital printing. Thanks to its strong commercial capabilities, BDR has built a significant presence in
“BDR has always been very focused on the growing worldwide opportunity with digital to increase sustainability in the textile industry using high-performance and quality inks,” said Serra Saatçıoğlu
EFI Reggiani is a leading, state-of-art technology provider with an extensive line up of industrial textile inkjet printers utilizing water-based inks. It is part of a complete EFI ecosystem of advanced products for textile design and production, including EFI Fiery® proServer digital front ends and Fiery DesignPro software, and the EFI Optitex® 2D and 3D integrated platform for product development and design. For more information on EFI products for industrial textile design and manufacturing, visit www.efi.com.
EFI™ is a global technology company, based in
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Safe Harbor for Forward Looking Statements
Certain statements in this press release are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Statements in this press release that could be deemed forward-looking statements include, but are not necessarily limited to, statements regarding the impact of the acquisition on EFI's results, expansion of our product portfolio, our future product offerings to BDR customers, integration of BDR, future customer achievements, continuation of support to the existing BDR client base, the timing of payments to the former BDR shareholders, and any statements or assumptions underlying any of the foregoing.
Forward-looking statements are subject to certain risks and uncertainties that could cause our actual future results to differ materially, or cause a material adverse impact on our results. Potential risks and uncertainties include, but are not necessarily limited to, unforeseen expenses; the difficulty of aligning expense levels with revenue; management's ability to forecast revenues, expenses and earnings; any world-wide financial and economic difficulties and downturns; adverse tax-related matters such as tax audits, changes in our effective tax rate or new tax legislative proposals; the unpredictability of development schedules and commercialization of products by the leading printer manufacturers and declines or delays in demand for our related products; changes in the mix of products sold; the uncertainty of market acceptance of new product introductions; intense competition in each of our businesses, including competition from products developed by EFI’s customers; challenge of managing asset levels, including inventory and variations in inventory levels; the uncertainty of continued success in technological advances; the challenges of obtaining timely, efficient and quality product manufacturing and supply of components; litigation involving intellectual property rights or other related matters; our ability to successfully integrate acquired businesses; the uncertainty regarding the amount and timing of future share repurchases by EFI and the origin of funds used for such repurchases; the market prices of EFI’s common stock prior to, during and after the share repurchases; any disruptions in our operations, the difficulty to retain employees; the compliance with the new requirements regarding the "conflict minerals," if they are found to be used in our products, and any other risk factors that may be included from time to time in the Company's
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