Cimpress to Acquire SAXOPRINT, viaprinto Businesses From CEWE Stiftung & Co. KGaA
Cimpress (CMPR) said Monday it has signed a definitive agreement with CEWE Stiftung & Co. KGaA to acquire its SAXOPRINT and viaprinto businesses.Under the terms of the tuck-in acquisition, the leadership team of Cimpress' PrintBrothers segment will co-invest and purchase a minority stake in the acquired businesses equivalent to their interest in other PrintBrothers businesses, the company said.Synergies emerging from the transaction are expected to generate base case returns on capital well in excess of 20%, and the acquisition should enhance Cimpress' per-share free cash flow, said Robert Keane, Cimpress founder and chief executive officer, in a statement.Financial terms of the acquisition were not disclosed.The deal is slated to close in the first half of Cimpress' fiscal 2027 and is subject to antitrust approval, among other customary closing conditions, the company added.Price: $91.18, Change: $-0.49, Percent Change: -0.53%
