EFI and Agfa will combine their industrial inkjet operations into a new company expected to generate pro forma revenues of approximately €540 million ($625 million) in 2026, the two companies announced on September 28th.

Under the agreement, Agfa's Digital Printing Solutions (DPS) business will merge with EFI, uniting two substantial portfolios of industrial printing equipment, inks, software and workflow technologies. The combined entity will serve thousands of customers in more than 100 countries.

Ownership splits 60:40. An affiliate of Siris Capital, EFI's owner since 2019, will hold the majority stake, with Agfa retaining 40%. Despite the difference in shareholdings, Siris and Agfa will operate as equal partners under the proposed governance structure. Financial terms beyond the ownership split have not been disclosed.

The transaction is expected to close by the end of 2026, subject to regulatory approvals, employee consultation and other customary conditions. That timeline gives supply-chain buyers roughly two years before the merged vendor takes full shape.

Complementary platforms

The deal significantly consolidates the industrial inkjet market and builds on a commercial partnership established in 2024, under which EFI and Agfa began offering complementary technologies from each other's portfolios. It also follows considerable restructuring on both sides.

EFI, acquired by Siris in 2019, has concentrated increasingly on industrial inkjet applications. Its Reggiani business holds a long-established position in digital textile printing — the most directly relevant line for apparel and home-textile producers evaluating print capacity and supplier roadmaps. The Nozomi platform addresses single-pass digital printing for corrugated packaging, while the Vutek range covers wide-format graphics and industrial applications.

Agfa DPS adds equipment for display graphics, décor and packaging, including its Jeti Tauro, Onset Panthera and SpeedSet Orca systems. The company has renewed much of its industrial inkjet portfolio in recent years, including the SpeedSet Orca for folding carton and corrugated packaging and its latest Jeti and Onset systems.

Geographically, the combination gives the new company a substantial presence on both sides of the Atlantic. EFI is particularly strong in North America, while Agfa brings an established European customer and service base — a factor worth noting for buyers assessing regional service and spare-parts coverage.

Strategic shift for Agfa

For Agfa, the deal marks a change in approach to its digital printing operation. Rather than continuing to develop DPS as a wholly owned standalone business, it will hold a substantial minority stake while combining the operation with the larger EFI industrial inkjet platform.

Agfa CEO Pascal Juéry said the company remains committed to digital printing but believes the combination provides greater scale and market access for DPS.

The companies expect opportunities to sell their respective technologies into each other's customer bases and geographic markets, as well as to combine development work. For print buyers in textiles, packaging and wide-format graphics, that cross-selling logic — not immediate price or capacity changes — is the near-term practical effect of the announcement.

With regulatory approval, employee consultation and integration still ahead, the merged company's combined €540 million revenue base and joint development plans are projections for now; the parties expect the deal to close by the end of 2026.