More news
- Asian paint regulatory round up – Indonesian exterior paint still uses lead, warns W...
- Nigeria’s paint industry navigates regulatory changes and economic challenges amid p...
- Focus on the global coatings market: Global coatings market outlook
- Ask Joe Powder – October 2024
- Chinese paint majors look to domestic consumer sales as commercial real estate slumps
Datacolor AG, a global leader in colour management solutions, announces the acquisition of matchmycolor LLC, a technology company specialised in colour formulation and communication software. Datacolor consolidates matchmycolor as of January 1, 2023. The costs for the acquisition and the integration will affect the fiscal years 2022/23 and 2023/24. The strategic acquisition strengthens Datacolor’s market position and further expands its global industry presence in colour management.
With over 50 years of industry experience, Datacolor has established itself as a trusted global provider of colour management solutions, serving customers in a wide aera of activities such as the textile and apparel sector, the paint, dye and plastics industry, as well as the fast-growing consumer market. The acquisition of matchmycolor aligns with Datacolor’s vision to continuously invest in strengthening its comprehensive product portfolio of high-precision hardware and software solutions, as well as its market-leading global service and sales organisation helping even more customers get colour right.
“We welcome all employees of matchmycolor in the Datacolor family. This acquisition enhances our ability to deliver innovative colour management solutions, strengthening Datacolor’s comprehensive software offering. Together, we will empower customers to achieve accurate and consistent colour performance across the globe,” said Albert Busch, CEO at Datacolor.
The owners of matchmycolor, Michael Jakobi and Judy van de Langkruis, expressed their delight to become part of a world-leading group, which will enable them to serve customers in a much larger market than before, saying, “We are looking forward to be joining forces with Datacolor. As one company, we will be able to offer an even wider range of solutions that will help customers achieve their colour management goals.”
matchmycolor, was created in 2009 through a management buyout from the former Ciba Specialty Chemicals and achieved sales of about CHF3M in fiscal 2022 with around 20 employees, mainly software specialists. The matchmycolor team will continue to work out of the company’s Basel offices.