Page 13 - PWM2024_May EBook

DIGITAL NEWS

Xerox to end iGen and Nuvera MBO to acquire
Roland DG

production The MBO team hoping to

acquire Roland DG has
lodged an increased offer for
It’s the end of an era for understood to employ
Xerox, which will stop mak- around 1,500 in total, was the business that is higher
ing its iGen5 and Nuvera not disclosed. Speaking to than the rival bid from
Brother Industries. Brother
digital presses over the sum- analysts at the Q1 investor made its hostile bid in
mer, while a new era beck- briefing, president and COO March, offering a price of
ons with a fresh third-party John Bruno said: “This quar- ¥5,200 (£26.60) per share,
partnership for high-speed 3.3% higher than the MBO
continuous feed inkjet. In its ter, we decided to explore team’s initial proposal of
Q1 results just announced, strategic options for our pro- ¥5,035.
Xerox noted a $36m duction print equipment XYZ KK, the management
(£28.8m) inventory impact manufacturing operations, team’s takeover vehicle, has
related to “the exit of certain including exiting manufac- now upped its offer to ¥5,370
Production Print manufac- The iGen brand has been on the market for 22 years turing of certain product per share. The tender offer
turing operations”. products to align with the Nuvera as “two legacy plat- families. period has been extended to
The presses are manufac- needs of our clients. forms that helped create the Xerox originally brought 15 May as a result. Shares in
tured at Xerox’s Webster “Order fulfillment for Production Print industry”. its ‘FutureColor’ technology Roland DG Corporation
facility in New York state. iGen and Nuvera is expected Print engine manufacturing to market in 2002 with the were trading at ¥5,490 at the
A Xerox spokesperson to continue through 2024 or launch of the iGen3. end of last week (52-week
told Printweek: “The deci- while inventory lasts. Xerox will cease on 30 June. The high: ¥5,580, low: ¥3,210).
sion to cease print engine will provide industry-lead- Webster plant will continue The current iGen5 was At the time of writing
manufacturing operations in ing support for these plat- to make Xerox toner and launched in 2015. The Brother Industries had not
Webster aligns with our forms throughout the life of photoreceptors, and will B3-plus device prints at up to responded to XYZ’s
[January] Reinvention their contracts.” also act as a spare parts facil- 150ppm in CMYK with an increased offer. Roland DG’s
announcement and our pri- The spokesperson ity. The number of jobs optional fifth colour and turnover was ¥54bn in its
ority to simplify our core described the iGen and impacted at the plant, extra-long sheet capability. most recent financial year.
Fujifilm Graphic Comms to Fiery releases new

become part of BI SignLab software

Digital front-end pro-
Fujifilm has confirmed vider Fiery has released the
that it will integrate its next generation of its
Graphic Communications SignLab signmaking and
wing into the Fujifilm graphic production soft-
Business Innovation opera- ware. SignLab 11 is said to
tion, as it outlined a fresh combine powerful vector
medium-term management and bitmap design and edit-
plan. ing tools to simplify the pro- SignLab is purpose-built
The news comes hot on duction of banners, signs,
the heels of the revelation decals, décor, and more. It viewer that eliminates
that Fujifilm and Konica Fujifilm said it will integrate its Graphic Communications wing enables users to design and guesswork, using a new live
Minolta are planning to produce vibrant and unique preview of vectorisation
establish a joint venture for rent financial year just which were agreed in con- digitally printed, vinyl cut, controls before applying
procurement, toner develop- ended. nection with cancellation of and print/cut signs and them to an object.
ment, and production effi- Sales for the year to 31 manufacturing substances graphics. Fit to shape, meanwhile,
ciencies encompassing print March will be slightly for Covid-19 vaccinations at SignLab is purpose-built enables users to design cus-
devices for high-end produc- higher than expected, up Fujifilm’s Healthcare divi- for the production environ- tom text shapes and layouts
tion and office markets. 0.3% at ¥2 ,9 6 0 bn sion.
ment, offering greater con- easily by automatically
Today (17 April) Fujifilm (£15.4bn). Operating profit Fujifilm said it had trol of design elements and adjusting text to fit any vec-
announced its new ‘Vision will be 4.5% lower at achieved its previous Vision support for popular print, tor shape. Finally the new
2030’ medium-term man- ¥277bn, mainly due to a 2023 targets for revenue and cut, and hybrid devices. theme selector enables
agement plan along with decrease in the amount of operating profit a year ahead New features and updates printers to create a custom-
revised forecasts for the cur- cancellation fees received, of the expected schedule. include a vectorisation pre- ised user experience.
www.printweekmena.com May 2024 PrintWeek MENA 11