Dover strengthens digital textile printing; buys Caldera

07 Apr '17

1 min read

Diversified global manufacturer Dover has announced that it has acquired Caldera Graphics SAS for total consideration of approximately €35 million, including an amount related to achieving certain performance metrics. Caldera is a software company that develops, markets and supports high-quality technical software for the digital printing industry.

Caldera Graphics is a 25-year old company committed to increasing productivity, cost-efficiency and colour output. Caldera's unique capabilities and solutions around image processing, colour management and workflow serve the global textile and graphics markets.

Caldera will operate within Dover's Printing and Identification platform, alongside MS Printing Solutions and the JK Group serving the global digital textile printing market. Caldera's annual revenue was approximately €11 million in 2016.

"We are pleased to have Caldera join Dover as we extend our already strong position in digital textile printing, which began with the acquisition of MS and recent purchase of the JK Group. Moreover, this transaction, following our recent AWTI and Fairbanks acquisitions, demonstrates our desire and commitment to grow our software and service offerings as we continue to deliver expanded differentiated solutions to our customers," Robert A Livingston, president and chief executive officer, Dover. (KD)

Fibre2Fashion News Desk – India

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