Cimpress to Acquire SAXOPRINT & viaprinto for <€80M Net Cash
Cimpress plc has entered into a definitive agreement to acquire SAXOPRINT and viaprinto businesses from CEWE Stiftung & Co. KGaA. These businesses generated €89.6 million in revenue in calendar year 2025 with approximately 10% EBITDA margins. The net cash outflow for the transaction is expected to be less than €80 million after anticipated asset sales. Cimpress anticipates the acquisition, including significant synergies, to generate returns on capital well in excess of 20% and enhance its per-share free cash flow, without altering its established plans to meaningfully reduce net leverage. The acquisition is subject to customary closing conditions, including antitrust approval, and is expected to close in the first half of Cimpress' fiscal year 2027.
Key Highlights
- Cimpress to acquire SAXOPRINT and viaprinto businesses from CEWE Stiftung & Co. KGaA.
- Acquired businesses generated €89.6 million revenue in 2025 with 10% EBITDA margins.
- Net cash outflow for the transaction is expected to be less than €80 million.
- Acquisition expected to generate returns on capital well in excess of 20% with synergies.
- Expected to enhance per-share free cash flow and support FY2028 financial targets.
- No change to plans for meaningful net leverage reduction over the next two fiscal years.
- Closing expected in the first half of Cimpress' fiscal year 2027, subject to antitrust approval.
- PrintBrothers segment leadership to co-invest for a minority ownership interest.