Murugappa group company Laserwords, which provides IT solutions for the printing and publishing industry, has acquired US-based Four Lakes Colorgraphics for about $11 million. The two decade old Four Lakes is a full service pre-media company with two facilities in Wisconsin and New York City.
“The acquisition (of Four Lake Colorgraphics) is a process of consolidation. Though there is a small opportunity for offshoring, I believe most of the works will still be carried out from there,” Mr A Vellayan, vice chairman & director-strategy, Murugappa Group told ET. There was no official confirmation of the deal size.He also pointed out that the deal was rather small in size.
It is believed that Four Lake’s project management, design and editorial development skills will combine will with Laserword’s technical strength to provide on-shore, off-shore and hybrid delivery models. Laserwords will have over 1000 employees post acquisition.
Started in 1983 as a software company, it continues to leverage that capability to provide technology-driven solutions for print and media production. It is now one of the oldest and the most successful independent typesetting companies in India, and offers its clients cutting edge production techniques.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment