Vistaprint Strikes Deal to Obtain Photo Book Firm

VENLO, NETHERLANDS—Vistaprint N.V. announced it has entered into a definitive agreement to acquire Albumprinter, a privately held Dutch photo book and photo product company, for €60 million (US$85 million) payable at closing and up to an additional €5 million based on a performance based earn-out. This acquisition is in line with Vistaprint’s recently announced strategy to be more proactive in its evaluation of acquisition opportunities in adjacent markets.