EskoArtwork is sold to Danaher in €350m deal

[Joe]

From Packaging News

Packaging design software specialist EskoArtwork has been sold to US industrial company Danaher in a deal worth €350m.

The company is owned by Danish investment group Axcel and the deal is likely to be concluded in the first half of 2011. Danaher has revenues of $11.2bn and operates in 125 countries. In 2005 it bought Linx Printing Technologies.

"This is an important and very positive step in the continued development of the company," said EskoArtwork chief executive Carsten Knudsen (pictured). "I and the entire management team are excited to see Danaher's strategic interest to acquire the company and develop EskoArtwork as an autonomous business."

Sigurd Lillenfeldt, partner at Axcel, added: "We have been extremely satisfied with our investment in EskoArtwork. During Axcel's ownership, EskoArtwork has repositioned itself into a world leading company within its field."

EskoArtwork was born following a merger between Axcel-owned Esko and Artwork Systems in 2007. At the time, the deal created a £122m global pre-media giant.

[David]

hmmm

wonder what they're gonna do now?

[David]

our service contract is up for renewal in February, with a slight 3% increase, btw.

[andyfest]

We just renewed our aannual service contract as well at a slight increase from last year.