Agfa Divests its Typography Business
MORTSEL, BELGIUM--Agfa-Gevaert announced it has signed an agreement to divest Agfa Monotype Corp. to a Boston-based private equity investor, TA Associates. The transaction reportedly is valued at $169 million.
The typography business now will operate under the name Monotype Imaging, Inc. It will continue to be headquartered in Wilmington, MA and currently mploys 144 people.
For its part, Agfa says it is focusing on further strengthening its position in the prepress market and on building a new growth platform in industrial ink-jet printing.
About TA Associates
Founded in 1968, TA Associates has offices in Boston, Menlo Park, Pittsburgh and London. It manages more than $5 billion in capital and has invested in 340 companies. TA Associates provides investment capital for buyouts and private equity financings of growth companies in the areas of financial and business services, technology, healthcare and consumer products. More information about TA Associates can be found at www.ta.com.
About Monotype Imaging
Based in Wilmington, MA with regional offices in Chicago, Redwood City (California), the U.K., Japan and China, Monotype Imaging provides fonts and font technologies to graphic professionals, software developers and manufacturers of printers and display devices. Information about Monotype Imaging and its products can be found on the company's Web sites at www.monotypeimaging.com.