Norwalk-based Xerox has reportedly agreed to purchase Kodak”™s Prosper high-speed inkjet product line.
According to a report in the trade journal PrintWeek, a deal between the companies “had now been agreed” and a formal announcement is “imminent.” Kodak announced in March 2016 that was seeking to sell the Prosper line, but the sale was complicated by the line”™s poor financial performance: $68 million in sales in the first three quarters of 2016, resulting in losses of $26 million. Neither company has publicly commented on the report.
If the transaction goes through, this will be the second time in four years that Xerox acquired an inkjet operation ”“ in 2013, the company acquired the French inkjet developer Impika for an undisclosed sum. Kodak operates a manufacturing facility for its Prosper products in Kettering, Ohio.
