Seiko Epson has announced plans to acquire U.S.-based printing software developer Fiery in a deal valued at approximately $591 million (84.5 billion yen), marking the Japanese firm’s largest acquisition since its 2003 public listing. The transaction, expected to close by the end of 2024, is aimed at enhancing Epson’s capabilities in digital printing, a market set for significant growth.
Fiery, founded in 2021 and headquartered in California, specializes in business-to-business software for commercial and industrial digital printers. The company reported $200 million in sales and $55 million in pretax profit for 2023. Its software solutions streamline digital printing processes, improving color accuracy and machine coordination, key to increasing efficiency in the sector.
Epson expects to incorporate Fiery’s earnings starting in the second half of the fiscal year ending March 2025. As analog printing declines, digital methods—which simplify small-batch, varied jobs—are gaining traction. Market research estimates the global digital printing market will grow by 37% to $45.9 billion by 2029, providing a strong growth opportunity for Epson through this acquisition. The company is still assessing the deal’s potential impact on its overall financial performance.
