Tonernews.com, March 3, 2008. USA
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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.
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