HP to acquire NUR Macroprinters Ltd.

HP announced that it has signed a definitive agreement to acquire NUR Macroprinters Ltd., a manufacturer of industrial wide-format digital inkjet printers.

Based in Lod, Israel, NUR is a leading supplier of UV-curable and solvent inkjet printers for display graphics, serving commercial printing companies, sign printers, screen printers, billboard and media companies, photo labs and digital print service providers.

"This acquisition marks another milestone in HP's growth strategy to ignite the transition from converting analog pages to digital pages," said Vyomesh Joshi, executive vice president, Imaging and Printing Group, HP. "The large-format print service provider market is growing rapidly, and with the acquisition of NUR, HP is strategically building an even stronger portfolio of products and will continue to drive innovation and growth with our industrial wide-format printers."

"The combination of HP and NUR will provide our customers and channel partners with a vastly expanded mix of quality and service that is unmatched in the digital graphics printing industry," said David Reis, CEO, NUR Macroprinters Ltd.

HP will be acquiring substantially all the assets of NUR for $117.5 million. The acquisition is subject to customary closing conditions. Upon completion of the deal, NUR will be integrated into HP's Large Format Printing Business within the company's Imaging and Printing Group.