Global Graphics completes Hybrid acquisition
With the acquisition Global Graphics bolsters growth in packaging segment.
Global Graphics PLC announced the successfully completion of the HYBRID Software from its parent company Congra Software. The acquisition was first announced last month. HYBRID Software is a group of software development and marketing companies focused on enterprise software for the graphic arts industry, with a strong focus on labels and packaging.
The acquisition roughly doubles the size of the Global Graphics group of companies in terms of headcount, expanding the global workforce to around 250 people. It adds several more operating locations to the group through HYBRID Software’s offices in Luxembourg, Belgium, Germany, Italy, France and the USA.
Global Graphics typically invests about one third of its revenues into R&D each financial year and has a strong software development team, which is now expanded to more than 75 engineers with the addition of HYBRID Software. Global Graphics develops software and hardware solutions for graphics and industrial inkjet printing.
“This acquisition is a great fit strategically. It’s good news for our customers, our employees and our shareholders. We will continue to grow the value of the company by supporting all our stakeholders and reaffirm our intention to remain a listed company. As the packaging industry continues its migration to digital printing, there are tremendous opportunities for Global Graphics’ hardware and software solutions, so bringing HYBRID Software into the group will help us grow our share in labels and packaging. Exciting times lie ahead as we launch new initiatives in response to customer demands, ranging from innovative new products to subscription-based licensing models,” said Guido Van der Schueren, Chairman of Global Graphics.