Global Graphics has confirmed that it has entered into a binding conditional agreement with Congra Software S.à r.l. for the proposed acquisition of the entire issued share capital of HYBRID Software Group S.à r.l. for €80m.
Guido Van der Schueren, Chairman of Global Graphics, said, “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. 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.
“The combined company will total more than 250 employees with a wealth of experience in software and hardware development, but our mission will remain unchanged: developing innovative solutions for both end users and OEM suppliers. HYBRID Software has also established a successful recurring revenue model based on SaaS and subscription licensing, something that Global Graphics’ customers are asking for as well. I look forward to concluding the transaction at the beginning of 2021 and to a very bright future for the new company.”
