GENICOM ACQUIRES TELEVIDEO SYSTEMS’ PRINTER RELATED ASSETS

Genicom Corp Waynesboro, Virginia, which just wrapped up acquisition of Centronics’ printer business, has now also completed acquisition of TeleVideo Systems Inc’s printer related assets: the transaction was worth $3.24m plus royalties on sales above a fixed number over five years. characters; Genicom also has agreements for acquisition of Momentum Technologies Inc and of exclusive worldwide rights to a Raster Image Processor from Gradco Systems Inc, both due for completion within a few months.

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