EFI and Agfa's DPS Business to Combine and Form a Global, Full-Service Industrial Inkjet Company
Mortsel, Belgium and Londonderry, N.H. – 28 September 2026, 7.45 a.m. CET – Electronics for Imaging, Inc. ("EFI"), a leading industrial inkjet business and portfolio company of Siris, and Agfa-Gevaert ("Agfa") today announced a definitive agreement to combine Agfa's Digital Printing Solutions business ("Agfa DPS") with EFI.
An affiliate of Siris will hold a 60% interest and Agfa will hold a 40% interest in the newly formed company, with Siris and Agfa acting as equal partners under the combined governance structure.
The agreement builds on the global partnership EFI and Agfa established in 2024, which enabled both companies to expand their product offerings through access to complementary technologies.
That collaboration underscored the value that their respective strengths, application expertise and expanded portfolios could unlock for customers worldwide.
By joining forces, EFI and Agfa DPS will create a scaled industrial inkjet business with breadth across the fastest-growing segments of the industry.
Backed by a global service network, the combined company will draw on a wider base of inkjet expertise spanning print engines, inks, software and workflow, shortening the path from development to production for customers.
Together, EFI and Agfa DPS expect to generate approximately €540 million ($625 million) in revenue in 2026 on a pro forma basis, serving thousands of customers across more than 100 countries through a combined sales and service network with complementary geographic strengths across North America and Europe.
Over time, the companies anticipate realising significant synergies, driven by enhanced cross-selling opportunities and the benefits of a platform with greater scale, including expanded access to new applications and geographies.
"Since our investment in EFI in 2019, we have supported the company's evolution into a focused industrial inkjet leader, drawing on our experience helping technology and industrial businesses scale," said Frank Baker, Co-Founder and Managing Partner, and David Calamai, Managing Director, of Siris. "EFI and Agfa DPS bring together distinct and complementary capabilities, forming a business with the reach and depth to do more for customers across more markets."
"At Agfa, we believe this combination can help accelerate the adoption of digital printing across the industry," said Vincent Wille, President of Agfa DPS. "By combining technology leadership, global reach and deep application expertise, we can help our customers achieve new levels of productivity, agility and sustainable growth."
The proposed transaction is expected to close by the end of 2026, subject to customary employee information and consultation processes, regulatory approvals and closing conditions.
About EFI
The company has a scalable portfolio of products, solutions, services and support for the manufacturing of signage, packaging, textiles and other industrial printing applications.
EFI's offerings include a wide range of printers, inks, digital front ends and workflow software designed to help customers increase profits, improve productivity and optimise production workflows. www.efi.com
About Agfa-Gevaert
Agfa develops, manufactures and markets analogue and digital systems for the healthcare sector, the printing industry, the green hydrogen industry and specific industrial applications.
In 2025, the Group realised a turnover of €1.1 billion. Through its Digital Printing Solutions (DPS) business unit, Agfa provides cutting-edge inkjet printing solutions—equipment, consumables, software and services—designed for high-quality, efficient production in the sign & display and packaging market, as well as a broad range of industrial markets. www.agfa.com
About Siris
Siris is a leading private equity firm focused on control investments in services businesses that enable transformative technologies to scale.
The firm invests in companies that support the underlying infrastructure for these
technologies and help enterprises integrate them into critical operational workflows. Based in West Palm Beach, Florida, Siris has deployed more than $9 billion of equity capital since inception. www.siris.com
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