March 18, 2015 Last Updated 8:16 am

Cimpress to acquire Austrian web-to-print business,

Press Release:

VENLO, the Netherlands – March 18, 2015 — Cimpress N.V., the world leader in mass customization, announced today it has entered into a definitive agreement to acquire Druck- und Handelsgesellschaft mbH (, one of the leading web-to-print businesses in Austria.

The acquisition supports Cimpress’ strategy of building a software-enabled operational platform that aggregates and optimizes the supply chain and production of mass customized products such as signage, printing, apparel and promotional products. Cimpress goes to market via a portfolio of specialized and focused brands and aligns with the Cimpress strategy in this regard as well., founded in 2001, produces a wide variety of high quality printed products that are sold both directly to small and medium business customers and through resellers such as graphic designers, print brokers, and local print shops.

“We believe will be a great addition to Cimpress,” said Robert Keane, president and chief executive officer of Cimpress. “The team’s intimate understanding of Austrian web-to-print customers enables it to offer them great quality, fast delivery, and a wide and deep selection of products. We plan to help them build on this heritage by leveraging Cimpress’ scale advantages and by expanding the product selection even further.”

Peter Kolb, chief executive officer said, “We are very excited to join Cimpress. We anticipate benefiting from Cimpress’ global operational and supply chain advantages while maintaining the distinct brand and focus on the needs of Austrian customers. This unique combination should allow us to improve our customer value and customer satisfaction even further.”

Financial Terms of Agreement

The base purchase price of the transaction is €23.3 million, including €20 million payable in cash upon the close of the transaction, and a deferred payment of €3.3 million to be paid in cash or stock in 2017 at the earliest.

Cimpress plans to fund the transaction using its existing debt facility. Cimpress expects this transaction to have an immaterial impact on financial results in fiscal 2015.

In the trailing twelve months ended January 31, 2015, revenue was approximately €34 million, reflecting year-over-year growth of about 15 percent. net income in this period was approximately €2 million and its EBITDA was approximately €3.6 million.

Subject to satisfaction of various closing conditions including antitrust clearance, Cimpress expects the transaction to close during its fourth fiscal quarter of 2015.

  • Amy Watson 3 years ago

    Overall it’s a quite wise decision for both Cimpress as well The decision will not only make difference in supply chain management but also for the overall growth of the company to the media platform. But definitely to be on safer side, Cimpress should do all the financial closure on time to stay long.