3D Systems has completed the acquisition of Xerox’s solid ink engineering and development teams and state of the art development labs and relevant patent portfolio for $32.5 million in cash. 3D Systems expects this acquisition to help catapult its printers’ development and manufacturing capabilities a full decade forward and to accelerate its revenue growth-rate over time.
The current prevailing theory is that direct mail, books and transactional work are the holy trinity of the production inkjet digital printing church, and you won't get any arguments. Those three sectors have been transformed by production inkjet technology. But there are murmurs, rumblings of a fertile ground beyond the big three that will open the door for commercial printing, package printing and beyond.
3D Systems has entered into a definitive agreement to acquire Xerox Corp's Wilsonville, OR, product design, engineering and chemistry group and related assets for $32.5 million in cash. This agreement expands the decade and a half long collaboration between the companies, that already produced 3DS' best selling ProJet series 3-D printers.
DMM Inc. of Scarborough, ME, and MAR Graphics of Valmeyer, IL, have installed the new Xerox Color 8250 production printer to produce transactional business documents and direct mail pieces with spot-on color.
Commercial printer equipment installations and other news from Printing Impressions’ December 2013 edition, featuring Sandy Alexander, Lithographix, DPI Direct, Apex Color, IWCO Direct, Japs-Olson Co.
Fuji Xerox Co. has opened a new manufacturing company—Fuji Xerox Hai Phong Co., Ltd.—in Hai Phong, Vietnam. The facility marks a major milestone for the company in Vietnam and will serve as a key manufacturing hub globally.
In 1959, Xerox Corp. put out its 914 photocopier and eventually became a household name worldwide as The Document Company. Going into 2014, the Connecticut-based printing and business process outsourcing company is looking to continue its model of recent years—a growing business services operation offsetting the printing technology business that was long its focus.
Printing "is definitely an industry that's contracting," Xerox Technology President Armando Zagalo de Lima told a room filled with dozens of Wall Street financial analysts Tuesday as the company held its annual investor conference. The event, annually held in the New York Stock Exchange building, features Xerox
Pictorial Offset of Carlstadt, NJ, turned to Solis Partners, of Manasquan, NJ, to install solar panels at its facility. Solis designed, engineered and constructed the 2,968-panel system that, so far, has reduced Pictorial's electric bill by 40 percent. Touted as the largest solar panel installation by any commercial printing company in the United States, the installation has (at press time) generated 1.15 million kWh since the installation, enough to power 1,255 houses for a month.
Xerox announced its latest quarterly earnings. For the three months ending Sept. 30, sales were essentially flat at $5.26 billion. Profits, at $291 million, were up 1 percent at 22 cents per share.
And for investors, there were a number of red flags in the numbers, including declines in signings for new services work and a drop in business services profit margins.
While sales of printing equipment were down 3 percent from the same quarter a year ago, to $647 million, one bright spot was higher demand for color digital printing presses. Such presses as the iGen and CiPress lines are
The U.S. Navy has awarded Xerox a 10-year contract worth $94 million for the onboard document needs of its vessels worldwide. The Navy will look to Xerox for the installation, training and supplies procurement of the multifunction printers (MFPs) and production devices across its fleet.
