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Acquisition to further expand product base, customer reach
April 2, 2014
By: DAVID SAVASTANO
Editor, Ink World Magazine
Vistaprint N.V. announced it has entered into a definitive agreement to acquire Pixartprinting Srl for a base purchase price of approximately €127 million, resulting in Vistaprint ownership of 97% of Pixartprinting, and 3% retained ownership by Pixartprinting’s founder. As part of the transaction, Vistaprint will assume 100% of the majority stake in Pixartprinting that is currently held by private equity firm Alcedo SGR. Based in Quarto D’Altino, Veneto, Italy with approximately 330 employees,...
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