Menlo Park

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.

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