*NEWS*HP PAYS $118.4M FOR ISRAELI INKJET COMPANY

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*NEWS*HP PAYS $118.4M FOR ISRAELI INKJET COMPANY

 user 2008-03-03 at 2:09:21 pm Views: 62
  • #21369

    HP pays US$118.4m for Israeli inkjet company
    Hewlett-Packard buys NUR Macroprinters, which supplies inkjet production printers to the printing industryNUR Macroprinters announced Monday that it has finalised the sale of substantially all its assets to HP, in accordance with the asset purchase agreement signed on December 9 last year.Under the terms of the agreement, HP has paid US$118.4m in cash to NUR.Following the closing of the transaction, David Reis, president and chief executive of NUR Macroprinters, has joined the HP management team.NUR’s board of directors will convene shortly to discuss the future directives for the company and appoint a new CEO.