HP (NYSE:HPQ) has signed a definitive agreement to acquire Israel-based manufacturer of industrial wide-format digital inkjet printers, NUR Macroprinters.
NUR provides UV-curable and solvent inkjet printers for display graphics to commercial printing companies, sign printers, screen printers, billboard and media companies, photo labs and digital print service providers.
The acquisition expands HP's Graphic Arts portfolio of digital presses and wide-format printers, allowing the company to offer additional mid-range UV platforms and technologies. In September, HP purchased MacDermid ColorSpan, a manufacturer of wide-format digital inkjet printers for sign shop franchises, quick printers and other small and midsize sign-making and screen-printing businesses.
"The large-format print service provider market is growing rapidly, and with the acquisition of NUR, HP is strategically building an even stronger portfolio of products and will continue to drive innovation and growth with our industrial wide-format printers," Vyomesh Joshi, executive vice president, Imaging and Printing Group at HP, said in a statement.