The deal will make Kodak one of the top three suppliers in the sector, along with Hewlett-Packard and Epson-based machines.
Kodak expects the buy to contribute to its earnings from 2003.
Encad president and chief executive Terry Vandewarker said Kodak had the resources, complementary skills and market presence Encad needed to accelerate its growth.
Kodak expects the deal to be completed by early 2002. The acquisition builds on its launch of the Kodak Professional 5260 piezo ink-jet printer.
Have your say in the Printweek Poll
Related stories
Latest comments
"Gosh! That’s a huge debt - especially HMRC! It’s a shock that HMRC allowed such an amount to be accumulated."
"Whatever happened to the good old fashioned cash job! At least the banks didn't take 2-3% of each sale. After 30 odd transactions that £100 quid you had has gone."
"It's amazing what can be found on the "web" nowadays!"
Up next...
Replacement 'will be operational later this year'
Walstead makes decision on Bicester 64pp
'Ridiculous decision'
Unite “prepared to fight” on proposed DS Smith site closure
Also helps mitigate volatile energy prices
