Printronix and TallyGenicom AG Reach Final Agreement in Europe and Worldwide

Printronix Inc. and TallyGenicom AG have recently confirmed that both companies have reached a definitive agreement to sell TallyGenicom-branded printers and components in Europe and worldwide.

Under the terms of the agreement, Printronix will acquire intellectual property from TallyGenicom AG as well as worldwide sales distribution rights for all TallyGenicom line matrix and laser technologies, including printers, supplies and consumables. The acquisition is subject to regulatory approval. In addition, TallyGenicom AG retains all intellectual property and worldwide distribution rights for the TallyGenicom serial-matrix, inkjet and thermal technologies, which includes printers and options, supplies and consumables. TallyGenicom AG will continue to resell TallyGenicom-branded line matrix and laser products purchased from Printronix, and Printronix will resell serial matrix products purchased from TallyGenicom AG.

The companies entered into this agreement after TallyGenicom lodged objections to Printronix's March 23, 2009 acquisition of certain assets of TallyGenicom LP, as prescribed by the U.S. Bankruptcy Court for the District of Delaware. The recent announcement resolves all disputes between Printronix and TallyGenicom AG.