Baker & McKenzie (Gaikokuho Joint Enterprise) ("Baker McKenzie") advised Seiko Epson Corporation (“Epson”) on its acquisition of Fiery, LLC (“Fiery”), an industry-leading provider of printing-related software. The acquisition is valued at approximately USD 591 million (JPY 83.1 billion) and is expected to close by the end of 2024, subject to customary closing conditions, including regulatory approvals.
California-based Fiery's consolidated sales for the year ending 31 December 2023 were USD 200 million (approximately JPY 28 billion). Fiery's industry-leading software and cloud-based technologies deliver the best possible performance, color and print quality across a broad range of production printing devices. Epson and Fiery have long been involved in helping customers maximize their productivity through the use of digital printing technology, and this agreement is expected to promote innovation across the entire printing industry.
The project was led in Tokyo by Corporate/M&A group partner Yutaka Kimura. Yutaka was supported by Corporate/M&A group counsel Junya Suzuki and associates Takatoshi Kashiwara and Yuji Sato and Tokyo office IP Tech group partner Tsugihiro Okada. Partners Derek Liu and Emery Mitchell led the project from Baker’s San Francisco office.