Cimpress to acquire web-to-print company in Austria

The acquisition is said to support Cimpress’ strategy of building a software-enabled operational platform that aggregates and optimizes the supply chain and production of mass customized products such as signage, printing, apparel and promotional products. Druck.at, founded in 2001, produces a wide variety of high quality printed products that are sold both directly to small and medium business customers and through resellers such as graphic designers, print brokers, and local print shops.

“We believe Druck.at will be a great addition to Cimpress,” said Robert Keane, President and CEO of Cimpress. “The Druck.at team’s intimate understanding of Austrian web-to-print customers enables it to offer them great quality, fast delivery, and a wide and deep selection of products. We plan to help them build on this heritage by leveraging Cimpress’ scale advantages and by expanding the Druck.at product selection even further.”

Druck.at CEO Peter Kolb, commented: “We are very excited to join Cimpress. We anticipate benefiting from Cimpress’ global operational and supply chain advantages while maintaining the distinct Druck.at brand and focus on the needs of Austrian customers. This unique combination should allow us to improve our customer value and customer satisfaction even further.”

In the trailing twelve months ended January 31, 2015, recorded slaes of approximately Euro 34 million, a year-over-year growth of about 15 percent. Net income in this period was approximately  Euro 2 million with EBITDA of approximately €3.6 million.

Subject to satisfaction of various conditions including antitrust clearance, Cimpress expects the transaction to close during its fourth fiscal quarter of 2015.