EskoArtwork Concludes a Successful Merger Process
GENT, BELGIUM—July 31, 2008—The Board of Directors of EskoArtwork are pleased to see the company arriving at the conclusion of a comprehensive integration process, initiated one year ago with the merger of Esko and Artwork Systems.
Operations, staff and distribution channels from the former companies have been aligned and combined into an even stronger global industry leader. Customers, partners and other industry players have recognized the result of EskoArtwork’s integration efforts, as clearly demonstrated during the drupa 2008 exhibition - the most successful ever for the company.
Turning its focus now towards the next steps in the company’s development, EskoArtwork’s Board of Directors have decided to make some changes at the Executive Management and Board level.
Guido Van der Schueren, currently Executive Management Board Member and Chief Commercial Officer, has accepted to be appointed non-executive Vice Chairman of the Board, reporting to EskoArtwork’s Chairman, Jean-Claude Deschamps. Van der Schueren will relinquish his executive activities and will hence concentrate on strategic projects and related Board matters.
Carsten Knudsen, President and CEO, remains Executive Board Member and assumes the leadership of EskoArtwork’s management team.
The above changes become effective August 1, 2008.
EskoArtwork is a global supplier and integrator of innovative solutions for packaging, commercial printing and professional publishing. Its products and services help customers raise productivity, reduce time-to-market, lower costs and expand business.
EskoArtwork is the worldwide market leader with pre-production and collaboration software for packaging buyers, designers and manufacturers. Esko CDI flexo computer-to-plate imagers and Esko Kongsberg short-run converting tables complete the portfolio for the packaging, label, signage and display industries.
The company also provides a range of workflow solutions for the commercial printing and publishing market, as well as the Enfocus suite of PDF tools for graphic designers and print production professionals.
EskoArtwork employs around 1,000 people worldwide. Its global sales and support organization covers Europe, the Americas, Asia Pacific and Japan, and is completed by a network of distribution partners in more than 40 countries.
EskoArtwork is headquartered in Gent, Belgium, and has R&D and manufacturing facilities in 6 European countries and the United States. The consolidated full year revenue for 2007 amounted to EUR 170 million, with an EBITDA of EUR 30 million.