Kodak Completes Creo Acquisition

Eastman Kodak has completed its acquisition of Creo, a deal that was initially announced earlier this year. The acquisition had to gain approval of company boards and shareholders, as well as meet regulatory and court approvals in both the US and Canada.

The latter company's business is now part of the Graphic Solutions & Services operating unit within Kodak's Graphic Communications Group (GCG). Creo's former president, Judi Hess, has joined Kodak and will lead the Workflow & Prepress strategic product group as general manager and vice president. Hess will remain based in Vancouver, which will serve as GCG's center for prepress and workflow operations.

“The addition of a complementary portfolio of leading computer-to-plate equipment, workflow software, prepress, proofing, digital plates, scanning and image-capture solutions, in addition to the highly talented Creo team, will make Kodak a stronger partner for our customers,” says James Langley, GCG president and Kodak senior vice president.

In addition, to Hess, several other Creo managers are joining Kodak, including: Dan Gelbart, as senior research fellow and special advisor to Langley; Israel Sandler, as managing director of Europe, Africa, and Middle East region; and Garron Helman, as managing director of Greater Asia region. (Kodak: www.kodak.com)