Global Graphics to acquire Hybrid Software
Global Graphics announced that it will be acquiring HYBRID Software for EUR 80 million. It will be purchasing the company from Hybrid’s holding company, Congra Software S.à r.l. The acquisition remains conditional upon, amongst other customary conditions, the passing of a shareholder resolution at Global Graphics’ general meeting on 8 January 2021.
Hybrid produces software for the graphic arts industry, with a strong focus on labels and packaging. Its two main product lines are CLOUDFLOW and PACKZ, which
offer a unique set of advantages that include native PDF workflow and editing, variable data linking and imposition, vendor-independent solutions based on industry standards, scalable technology and low total cost of ownership.
According to Hybrid, the products are currently used by more than 1,000 customers worldwide in all areas of pre-press and printing, including labels and packaging, folding cartons, corrugated, and wide format.
These products are used by more than 1,000 customers worldwide in all areas of pre-press and printing, including labels and packaging, folding cartons, corrugated, and wide format.
Guido Van der Schueren, Chairman of Global Graphics PLC, explained the rationale behind the proposed acquisition: “Combining Global Graphics and HYBRID Software will create the foremost enterprise software supplier for digital printing, as well as for traditional label and packaging market segments and I’m proud to announce it to the industry.”
“The DNA of both companies is similar – customer-focused innovation in graphic arts and industrial inkjet – and there’s a strong existing relationship and a great fit between Hybrid Software and the Global Graphics companies: Global Graphics Software, Meteor Inkjet, and Xitron,” Van der Schueren continued.
Mike Rottenborn, Global Graphics’ CEO, added: “This proposed acquisition is strategically important for our future growth. With Hybrid Software on board, Global Graphics will be able to offer premium products like packaging editors and production workflow solutions to end-users, in addition to continuing our focus on innovative solutions for our OEM partners.”
Global Graphics already supplies technology to the labels and packaging market. With the acquisition it will be able to increase its focus on packaging, in which Hybrid has specialised knowledge in.
“It also has feet on the ground across Europe, Asia, and the Americas to facilitate OEM and end-user sales. And we recognize that the way in which we do business would benefit by introducing new models, including SaaS and subscriptions. These are business models that our existing customers have requested and that HYBRID Software offers to its customer base. Their expertise in this area will be valuable to us as we roll out these new initiatives across Global Graphics,” said Rottenborn.