X-Rite completes acquisition of Amazys Holding AG

Ink World, August, 2006

X-Rite, Inc. announced the completion of its acquisition of Amazys Holding AG for approximately $280 million. Amazys develops, markets and supports hardware, software and services to measure and communicate color under the GretagMacbeth brand. The combined company will be called X-Rite, Inc.

The major benefits of the acquisition are expected to include creating a global market leader in the color industry, accelerating technology innovation, building the strongest talent pool in the industry and generating significant synergy potential.

The combined company expects to achieve approximately $25 million of annual operating expense savings in connection with the transaction in year three.

"Our new company combines top-notch talent, technology and products in the color industry," said Michael C. Ferrara, X-Rite CEO. "We expect our expertise, talent and technology to help us expand the global color market through innovation."

"I am confident that the new X-Rite Board of Directors and senior management team under the leadership of Michael C. Ferrara, CEO, will ensure that X-Rite excels in every aspect of the business. The combined company is poised to lead the future of the color industry and maximize shareholder value," said John Utley, X-Rite chairman.

The global headquarters for the combined entity is in Grandville, MI, with European headquarters in Regensdorf, Switzerland and Asia Pacific headquarters in Hong Kong.