Scitex Vision sell off on the horizon

Scitex Corporation has declined to identify the company that it is engaged in negotiations with, and emphasise that the proposed transaction is subject to further discussions and a due diligence process. Scitex is providing no assurance that the transaction will actually take place, but asserts the move is part of its previously announced pursuit of strategic alternatives, which it confirms may involve the sale of the business in initial public offering.

The news comes not long after the announcement of Graphic Systems Australasia as the local distributor for Scitex Vision machinery. Patrick Turner was also recently appointed as the new sales director for Scitex Vision in Australia and New Zealand, though he is declining to offer any comment at this stage on what the ramifications will be for the local market.

The markets for wide format and ink-jet technology are emerging as areas with huge potential for future growth, and major suppliers such as Agfa, Fuji and Kodak have all recently invested in the sector. The potential sale of Scitex Vision opens the gate for other major suppliers to enter the burgeoning market as well.