HP merges Scitex into Indigo, lays off 60
HP is streamlining its electronic printing pursuits in Israel by earning Scitex component of the HP Indigo Division, rather than HP industrial. As section of the approach, 60 folks will lose their jobs, mainly in development, administration and finance. Scitex was a person of the founding fathers of Israel’s tech market. Indigo has workplaces in Ness Ziona and Kiryat Gat.

Scitex at this time manufactures electronic printing equipment for the merchandise packaging and indicators marketplace. Headquartered in Netanya, it has been managed until a short while ago as an impartial device with a R&D middle, finance, providers and promoting departments, very similar to Indigo. Scitex also has a producing plant in Caesarea for its printing equipment and crops for generating ink in Kiryat Gat and Puerto Rico.

Scitex said, “At this stage we are not able to extend on the connection of routines with HP Industrial. The corporation continues to renew and make price for its prospects when concentrating on encouraging digitalization procedures for the entire marketplace, in a variety of techniques, as a result of highly developed technologies.”

Scitex was founded in the late 1960s by Efi Erez as a producer of textile production equipment. In 1979, the company changed its focus to picture printing with the aim of perfecting the procedure of producing the plates in the digital pre-push system. In 1980, the business held a Nasdaq IPO right after which it obtained several electronic printing and wide-format printing organizations. The business split into two divisions, one of which was acquired by Canadian-Israeli enterprise Creo, whilst the other, Scitex Eyesight was obtained by HP in 2005 for $230 million.

Posted by Globes, Israel business enterprise information – en.globes.co.il – on Oct 27, 2022.

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