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X-Rite

From Quire, the open reference·American color measurement company·1 min read
X-Rite, Inc.
X-Rite, Inc.
Image: source and license
TypeSubsidiary
FoundedDecember 1958
HeadquartersGrand Rapids, Michigan, U.S.
ParentVeralto
SubsidiariesPantone
Munsell Color Company
Websitewww.xrite.com
X-Rite ColorChecker Passport helps photographers get all the colors on their images real and find the right white balance.
X-Rite ColorChecker Passport helps photographers get all the colors on their images real and find the right white balance. Image: source and license

X-Rite, Inc., headquartered in Grand Rapids, Michigan, is a manufacturer of color measurement and management products and products that regulate quality in the processing of film and x-rays.[1]

History#edit

The firm was incorporated in 1958 by seven engineers from Lear Siegler. Its first product, x-ray marking tape, was introduced in 1968 and is the basis of the company name. In 1975, it introduced its first densitometer for photographic printing use.[2]

The firm went public in 1986, and in 1987 moved into a new headquarters and production facility in Grandville, Michigan.[2]

In 1966, it purchased H. Miller Graphic Arts.[2]

By 1990, the firm shifted emphasis to colorimetry.[2]

In 2006, it purchased Amazys, owners of Gretag–Macbeth and the Munsell color system.[3]

In October 2007, it acquired Pantone.[4]

In May 2012, X-Rite was acquired by Danaher Corporation for $625 million.[5][6][1]

In September 2023, Danaher completed the corporate spin-off its Environmental and Applied Solutions segment, including X-Rite, as Veralto.[7]

In November 2024, X-Rite acquired Colorware B.V., creators of MeasureColor.[8]

References#edit

  1. ^ a b "X-Rite To Be Acquired By Danaher For $5.55 A Share". CBS News. April 10, 2012.
  2. ^ a b c d "X-Rite, Inc. History". FundingUniverse.
  3. ^ "X-rite : X-Rite Completes Acquisition of Amazys Holding AG; Creates Global Leader in the Color Industry; Will Utilize Color Science and Technology Knowledge to Increase Value for All Stakeholders and Expand Global Color Market Through Innovation". Business Wire. July 5, 2006.
  4. ^ "X-Rite to acquire Pantone, extending reach in the color industry for $180 mln". Reuters. August 24, 2007.
  5. ^ "Danaher Corporation Successfully Completes Tender Offer for Shares of X-Rite, Incorporated" (Press release). Danaher Corporation. May 15, 2012.
  6. ^ Ellison, Garret (May 21, 2012). "Danaher completes takeover of X-Rite while lawsuit moves though federal court". MLive Media Group.
  7. ^ "Danaher Corporation Completes Separation of Veralto Corporation" (Press release). PR Newswire. September 30, 2023. Archived from the original on October 1, 2023.
  8. ^ "X-Rite Acquires Colorware B.V., Creators of MeasureColor, Expanding Comprehensive Color Management Solutions for the Printing and Packaging Industries" (Press release). Cision. November 14, 2024.
Categories 1958 establishments in Michigan1980s initial public offerings2012 mergers and acquisitionsCompanies formerly listed on the NasdaqElectronics companies established in 1958Electronics companies of the United StatesManufacturing companies based in Grand Rapids, Michigan

This article is mirrored from “X-Rite” on English Wikipedia, revision 1370274372, written by Wikipedia's contributors and licensed CC BY-SA 4.0. Editing it here creates a Quire copy with its own history.

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