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

Toner News Mobile Forums Latest Industry News *NEWS*HP PAYS $118.4M FOR ISRAELI INKJET COMPANY

Date: Monday March 3, 2008 02:09:21 pm
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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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