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Xerox ends bid for HP, cites virus outbreak

2 Apr 2020

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Latest News

2 Apr 2020

Xerox has withdrawn its offer to acquire HP in light of the current COVID-19 situation. In an earlier statement Xerox said that it would only be postponing the takeover bid. 

With the announcement, Xerox drops its US$34 billion bid for HP Inc. 

In a statement it said:

“The current global health crisis and resulting macroeconomic and market turmoil caused by COVID-19 have created an environment that is not conducive to Xerox conti...

2 Apr 2020

Xeikon announces the launch of a new digital label press based on next-generation Cheetah 2.0 technology.

“I'm proud to announce that we are introducing the CX300. It is a new label press that that has been built upon Cheetah 2.0 technology. It is really a high end press that is addressing markets where people are looking for productivity in a single shift, or 50,000 square meters per month,” said Filip Weymans, Vice President...

2 Apr 2020

Xeikon has announced its new generation of dry toner technology, Sirius. Targeted at the graphics arts industry, the technology will be used in the new Xeikon SX30000 digital press, which is expected to launch in June 2020.

“It will be available end of June and of course we will complete first installs within this year. We will launch globally, focusing on Europe, North America and Japan. These are very exciting times and I'm v...

2 Apr 2020

The company is withdrawing first quarter 2020 guidance.

Kornit Digital Ltd. provided an update in response to the impact of the coronavirus pandemic (COVID-19) on its business and operations.

Due to the rapidly evolving global impact of COVID-19, the company is withdrawing first quarter 2020 guidance and currently expects first quarter 2020 revenues will be approximately 35-45% below the $47 million low-end of its prior revenu...

2 Apr 2020

Adds Dry Ink Lineup for the Iridesse™ Production Press 

Fuji Xerox Asia Pacific Pte Ltd announces the new addition of pink specialty dry ink for the production colour printer Iridesse™ Production Press across the Asia Pacific region, to strengthen the printer's ability to handle printing needs in specialized colours.

With its one-pass six-colour printing engine, the Iridesse™ Production Press is able to load a maximum...

2 Apr 2020

BOBST affirms its commitment to sustainability and the circular economy.

BOBST has become a member of CEFLEX (A Circular Economy for Flexible Packaging), the collaborative initiative of a European consortium of companies and associations representing the entire value chain of flexible packaging.

The CEFLEX mission is shared by BOBST: to further enhance the performance of flexible packaging in the circular economy by designing an...

2 Apr 2020

In mid-March drupa announced its postponement due to the exponential spread of the coronavirus. The postponement was upon the recommendation of the crisis management team of the German Federal Government and taking into account principles of the Robert Koch Institute when assessing the risk of major events.

The new dates for drupa will be April 20 - 30 2021. According to Sabine Geldermann, director drupa and global head print t...

2 Apr 2020

The cooperation has been extended or a further five years.

Koenig & Bauer and ACTEGA have been working together in the field of press consumables since November 2016. During this time, new Rapida presses accompanied by ACTEGA starter kits with coating products for inline finishing have been delivered to customers in 58 countries around the world.

The users benefit from products which have been tailored to achieve the highest pos...

20 Mar 2020

Under the governmental restrictions until March 31, the Business Technologies’ Malaysian factory (Malacca) has halted operation since March 18. However, Konica Minolta’s recovering factories in China are going to play a role in complementing Malaysian production.

The company’s Business Technologies businesses in Wuxi and Dongguan in China has resumed China resumed their manufacturing and shipping operations from February 10.

The...

20 Mar 2020

Indonesian leading food company takes its flexible packaging production in-house with BOBST CI Flexo technology.

What do you do when the quality of your product packaging differs from converter to converter, impacting consistency and potentially brand perception?

Charoen Pokphand Indonesia (CPI), an expanding and forward-thinking food producing company, decided to open a new plant for flexible packaging to internally control the...

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