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Form 6-K
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Report of Foreign Private Issuer
Pursuant to Rule 12a-16 or 15d-16 of
the Securities Exchange Act of 1934
July 6, 2000
Commission File No 0-26498
NUR MACROPRINTERS LTD.
(Exact Name of Registrant as specified in its Charter)
Not Applicable
(Translation of Registrant's Name into English)
6 David Navon Street
Moshav Magshimim
56910 Israel
(Address and principal executive offices)
Indicate by check mark whether the registrant files or will file annual
reports under cover Form 20-f or Form 40-f.
Form 20-F /X/ Form 40-F / /
Indicate by check mark whether the registrant by furnishing the information
contained in this form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-b(b) under the Securities Exchange Act of
1934.
Yes / / No /X/
If "Yes" is marked, indicate below the file number assigned to the registrant
in connection with Rule 12g3-2(b).
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Attached hereto and incorporated by reference herein is a press release
of the registrant dated July 6, 2000.
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NUR MACROPRINTERS COMPLETES ACQUISITION OF SALSA DIGITAL
NUR MACROPRINTERS NOW THE LARGEST SUPPLIER OF PRODUCTION WIDE AND SUPERWIDE
FORMAT DIGITAL PRINTING SYSTEMS WORLDWIDE
MAGSHIMIM, Israel, July 6, 2000, NUR Macroprinters Ltd. (Nasdaq NMS: NURM) and
Salsa Digital, Ltd. of San Antonio, TX, U.S.A. (formerly operating as Signtech
USA, Ltd.) today announced the completion of NUR Macroprinters' acquisition of
substantially of all Salsa Digital's assets. The acquisition became effective on
July 5, 2000.
NUR Macroprinters, through its subsidiaries, acquired the assets of Salsa
Digital, Ltd. and certain subsidiaries for $30 million, consisting of $20
million in cash and 666,667 ordinary shares of NUR Macroprinters valued at
approximately $10 million based upon the closing price of the ordinary shares on
Nasdaq on May 15, 2000. The cash portion of the transaction was financed through
two long-term credit facilities.
NUR Macroprinters plans to capitalize on the strong synergies between the two
companies, especially in the areas of technology development, products, service
and distribution, to solidify its position as the largest supplier of production
wide and superwide format digital printing systems in the world.
Erez Shachar, President and CEO of NUR Macroprinters Ltd. said, "I'm happy to
report that Salsa Digital's former sales and marketing operations have joined
NUR Macroprinters' team, creating a consolidated sales force worldwide. Our
customer support operations currently continue with the same organizational
structure we had prior to the acquisition. We look forward, however, to merging
these operations in the fourth quarter of this year at the conclusion of the
cross-training efforts now taking place in our organization."
"The expanded NUR Macroprinters can now provide its customers with the most
comprehensive offering of wide and superwide format digital printing systems and
consumables available in the market. We are confident our integrated research
and development operations will help ensure our leadership role in technological
innovation, product reliability and productivity through new product
developments, which will help us address current and emerging needs for print
solutions for the fast growing out-of-home advertising industry," concluded Mr.
Shachar.
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ABOUT NUR MACROPRINTERS:
NUR Macroprinters Ltd. is the global market leader in wide and superwide digital
printing solutions for the out-of-home advertising market. From its
photorealistic printers to its high throughput production presses, NUR's
comprehensive line of fully digital printers and consumables address the
complete range of wide and superwide format printing requirements from its
global customer base. NUR operates research, development and manufacturing sites
in Israel and San Antonio, Texas and has customers in over 50 countries
worldwide.
Certain statements made herein that use the words "will," "estimate," "project,"
intend," "expect," "believe" and similar expressions are intended to identify
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. These forward-looking statements involve known
and unknown risks and uncertainties which could cause the actual results,
performance or achievements of NUR Macroprinters Ltd. to be materially different
from those which may be expressed or implied by such statements, including,
among others, changes in general economic and business conditions and
specifically, decline in demand for NUR Macroprinters Ltd.'s products, inability
to timely develop and introduce new technologies, products and applications and
loss of market share and pressure on prices resulting from competition. For
additional information regarding these and other risks and uncertainties
associated with the company's business, reference is made to NUR Macroprinters
Ltd.'s reports filed from time to time with the Securities and Exchange
Commission.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
NUR MACROPRINTERS LTD.
Date: July 6, 2000 By: /s/ Erez Shachar
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Name: Erez Shachar
Title: Chief Executive Officer
