Seiko Epson agreed to acquire Fiery, a California company that makes digital front-end servers and workflow software for commercial and industrial printers, for an equity value of about $591.4 million. Including advisory and other costs, Epson put the total at about ¥84.5 billion. The sellers were Electronics for Imaging and an affiliate of Siris Capital, and the deal closed in December 2024. The deal Epson's board approved the deal on September 18, 2024, and the contract was signed the next day. The ¥84.5 billion total was based on ¥140.59 to the dollar and included about ¥1.35 billion in advisory and other costs. At closing on December 2, 2024, Epson paid $568.7 million. About Fiery Fiery makes digital front ends, the servers and software that process print files and run a printing press. It grew up inside Electronics for Imaging (EFI), which the private equity firm Siris Capital took private in 2019, and later became a standalone company. Siris called the sale a planned exit and its second carve-out from EFI. After the deal Fiery kept its name, its California headquarters and its chief executive, Toby Weiss. It said it would keep working as an independent supplier to many printer brands. Epson said the two companies already worked together in digital printing, and it began counting Fiery's results from its October–December 2024 quarter.
