X-Rite Acquiring Pantone to Extend Reach in the Color Industry

• Enhancing X-Rite’s revenue-generating opportunities and further diversifying its revenue base

• Accelerating technology and business model innovation

• Achieving significant synergies in marketing, operations and administration

The transaction is expected to be accretive to X-Rite’s cash earnings per share during year two of the combined operations. X-Rite expects to achieve approximately $6.5 million of annual operating expense cost savings associated with the transaction in year two. During the first year, the company expects to incur cash restructuring costs of approximately $5.5 million.