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Amazys (GretagMacbeth) to acquire The Graphic Intelligence Agency

Thursday, May 13, 2004

Press release from the issuing company

Regensdorf, Switzerland; May 12, 2004 – The Amazys Group has signed a letter of intent to acquire The Graphic Intelligence Agency, a US based color support and training company. The addition of The Graphic Intelligence Agency (GIA) to GretagMacbeth will strengthen the company's position as the premier provider of the broadest range of color management solutions in the industry. Both parties have negotiated a definitive agreement, which is now pending board approval. The acquisition is expected to be completed within the next thirty days. Upon completion of the transaction, GIA will form the basis of a new Professional Services business unit for the company. The two principals, Eric Harsh and Will Holland will continue to lead the business, which will remain based in Akron, Ohio. “As the application of color technology and solutions expands into new markets, the need for consistent, high quality services has never been more important. Our formation of an independent Professional Services Business Unit is intended to meet these emerging needs,” said Tom Vacchiano, President and CEO. Amazys Holding AG. “This business unit will deliver its’ support and training solutions wherever color or color work flows are present and will be able to serve all hardware or software platforms in the graphic arts industry. Further, we expect the Professional Services Business Unit to leverage the existing partnership with GretagMacbeth color consultants and dealers by creating a unified network that will deliver more value added service products to an ever broader set of markets.” “We are very excited to lead the new Professional Services Business Unit,” added Eric Harsh. “Our partnership with GretagMacbeth supports our goal of becoming a global provider of color services to a broad range of customers in the industry. The opportunity in front of us is significant.” Since its formation in 1997, The GIA has focused on providing training, technical support and interactive learning solutions in the digital imaging industry. GIA has 30 employees with offices in Akron, San Diego and Barcelona, Spain. Major customers include Hewlett-Packard, Kinko’s, DuPont and Océ. In addition, GIA currently provides hotline support for GretagMacbeth products in the US.

 

 

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