Grandville, MI and Regensdorf, Switzerland- X-Rite has entered into an agreement to purchase Amazys Holding AG for $280 million, consisting of CHF 77 ($60) per share and 2.11 shares of X-Rite stock per share. X-Rite and Amazys AG subsidiary GretagMacbeth provide color measurement solutions, including hardware, software and services. “X-Rite is excited about the opportunity to achieve greater scale, reduce operational costs and leverage combined R&D efforts. With the combined company, we will be in a position to deliver more innovative and high quality solutions,” said X-Rite CEO Michael C. Ferrara. Following the transaction, X-Rite will own 74% of the entity and Amazys Holding will own 26%. Amazys CEO Thomas J. Vacchinao Jr. will join X-Rite as president and COO and the board will consist of six current X-Rite directors and three current Amazys directors. The new company expects to record $25 million in annual operating expenses in the third year. The acquisition is expected to be accretive to X-Rite’s earnings per share in the second year. The transaction is expected to close in late spring.