Datacolor to Become Pure-Play Public Company
In fiscal 2008, Datacolor AG’s gross revenues fell 17.6% to CHF 73.3 million ($60.6 million) (see IBO 12/15/08). Datacolor is the second largest company in the colorimetry market behind X-Rite, which has had its financing problems this year (see IBO 4/30/08). Albert Busch was named vice president for Datacolor’s industrial line of products in June.
Lucerne, Switzerland 12/2/08—Following the sale of its Beverage business and the pending sale of its Real Estate business, Swiss-listed Eichhof Group AG will change its name to Datacolor AG, its Color Management business, early next year and become a dedicated supplier of colorimeters and other color management products (see IBO 8/15/08). The company has also named Albert Busch as its new CEO, effective January 1, 2009. Eichhof wrote in its fiscal 2008 annual report: “Following the disposal of its real estate business, Datacolor’s largely debt-free balance sheet structure will put it in a position to achieve its long-term growth targets through an aggressive acquisitions policy, allied with organic growth.”
