Esko (company) explained

Esko
Type:Subsidiary of Veralto Corporation (NYSE: VLTO)
Foundation:Ghent, Belgium (2002)
Location City:Ghent
Location Country:Belgium
Key People:Joel Depernet
Num Employees:1800 (2018)
Industry:Graphic arts

Esko, formerly called EskoArtwork, is a graphic arts company producing prepress software and hardware for the packaging and labels, sign and display and publishing industries.[1] Esko is headquartered in Ghent, Belgium and is a subsidiary of Veralto Corporation.[2]

History

Esko was the result of a merger between Barco Graphics and Purup-Eskofot A/S in 2001.[3] The merged company was called Esko-Graphics but was renamed Esko in 2006. In the fall of 2005, Esko became fully owned by Axcel, a Danish private financial company.[4]

In August 2007 Esko announced that it was 'joining forces' [5] with Artwork Systems Group NV (AWS), its chief competitor in the packaging prepress market.[6] Esko initially bought 76.69% of AWS shares for €196 million.[7] Enfocus, a brand of PDF pre-flighting and workflow software originally acquired by Artwork Systems in 2000, became a subsidiary of the combined EskoArtwork company.[8]

Reflecting the merger, Esko changed its name to EskoArtwork. It also introduced a new logo, though it is visually very close to the Esko original.

In January 2011, 100% of EskoArtwork shares have been transferred to Danaher.[9] In January 2012, the name changed back to Esko, the logo was also updated. Esko acquired CAPE Systems[10] (a palletization software vendor) in 2013, MediaBeacon[11] (a Digital Asset Management vendor) in 2015 and Blue Software, LLC[12] (a label and artwork management software vendor) in 2018. At the end of September 2023, Danaher spun-off its Environmental and Applied Solutions segment as Veralto Corporation.[13]

Notes and References

  1. Web site: A business model for the future - Print News | Packaging News | Wide Format news | Print | i-grafix | Australia, New Zealand and Asia . I-grafix.com . 2016-08-08.
  2. Web site: Our companies – Veralto . 2023-10-06 . www.veralto.com.
  3. Web site: Graphics and Purup-Eskofot to merge . Barco.com . 2001-09-07 . 2016-08-08.
  4. Web site: Esko-Graphics continues packaging growth strategy with Danish private equity investment company Axcel . 2012-01-13 . dead . https://web.archive.org/web/20100409145158/http://www.axcel.dk/content/dk/presse/2005/esko-graphics_continues_packaging_growth_strategy . 2010-04-09 .
  5. Web site: Esko and Artwork Systems to Join Forces to Consolidate Packaging Strengths | Package Design . Packagedesignmag.com . 2009-10-19 . 2016-08-08 . https://web.archive.org/web/20160820183247/http://www.packagedesignmag.com/content/esko-and-artwork-systems-join-forces-consolidate-packaging-strengths . 2016-08-20 . dead .
  6. Web site: Package deal - Print News | Packaging News | Wide Format news | Print | i-grafix | Australia, New Zealand and Asia . I-grafix.com . 2016-08-08.
  7. Web site: Esko Acquires Artwork Systems . Label and Narrow Web . 2016-08-08.
  8. Web site: Classic PitStop developer Enfocus Software acquired by Artwork Systems . Planetpdf.com . 2016-04-11 . 2016-08-08.
  9. Web site: Will Daley . Danaher to Acquire EskoArtwork for 350 Million Euros . Bloomberg . 2011-01-20 . 2016-08-08.
  10. Web site: Esko Buys Cape Systems. 6 September 2013.
  11. Web site: Esko to Acquire Mediabeacon.
  12. Web site: Esko Acquires Blue Software. 20 July 2018. 24 October 2018. 24 October 2018. https://web.archive.org/web/20181024113353/https://graphicartsmag.com/news/2018/07/esko-acquires-blue-software/. dead.
  13. Web site: Corporation . Danaher . 2023-09-30 . Danaher Corporation Completes Separation of Veralto Corporation . live . https://web.archive.org/web/20231001083608/https://www.prnewswire.com/news-releases/danaher-corporation-completes-separation-of-veralto-corporation-301943632.html . 2023-10-01 . 2023-10-01 . www.prnewswire.com . en.

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