Update: Landa Digital Printing Acquired for $80M

Sept. 8, 2025: Last week, it was reported that Landa Digital Printing had experienced cumulative losses of approximately $1.8B. Gillon Beck — a partner representing FIMI, the private equity firm that was seeking to acquire Landa — revealed the company's losses for the first time, noting that FIMI had developed a recovery plan for the company. As of last week, the acquisition was pending court approval, with a hearing set for last Thursday.

On Saturday (Sept. 6) evening, the Central District Court approved the $80M FIMI acquisition, according to CTech. FIMI will own 100% of Landa and notes that it will continue to employ "most of its workforce."

CTech further reported that Judge Hana Kitsis noted the arrangement “ensures the company’s continued operations and safeguards the employment of most of its employees.” It wrote:

She emphasized that liquidation would likely yield only minimal proceeds, given that the company’s customers are primarily overseas and its only assets in Israel are machinery. 'Approval of the debt arrangement will allow many employees to retain their jobs and source of income while preserving their full rights. On the surface, it appears that any gains from a liquidation alternative would be minimal,' the judge said.

Landa Digital Printing was founded by Benny Landa in 2011. Before the acquisition, Benny Landa was the biggest shareholder in the company with a 36.7% ownership stake. It is unclear if Benny Landa will have any future involvement with Landa Digital Printing following the acquisition.

Sept. 4, 2025: It was reported by CTech, published by Calcalist, last month that FIMI, an Israeli private equity firm, would seek to gain approval from the court and creditors to take ownership of Landa Digital Printing. The firm offered to purchase the company for $80 million, with a hearing originally set for Sept. 4 (as of press time, there has been no update on the hearing). Most of Landa's creditors support the proposal, but have faced challenges from Vitania, Landa's partner in a recently built facility to which it owes approximately $65 million in future rent payments.

Just this week, CTech reported that Gillon Beck, a partner representing FIMI, revealed the company's losses for the first time. He said the company has lost approximately $150M annually, resulting in cumulative damage of about $1.8B to shareholders, lenders, and creditors. Although he said the path forward would be challenging, he noted FIMI has a recovery plan and that critical suppliers would be prioritized.

"According to our plan, it will take about three years to reset the company. It would be a mistake not to approve the proposal. There is an opportunity here for hundreds of families to continue, for the company to remain in Israel, and for patents and technologies that may yet succeed. ... Replacing critical suppliers in a turnaround like this will not succeed. The company has no production equipment and is dependent on these suppliers."

He concluded: “It’s not a walk in the park, it’s very, very difficult, but if I didn’t believe there was a chance of success, I wouldn’t be here.”

Further, CTech reported FIMI is pursing the acquisition out of a sense of "responsibility, mobilization, and deep commitment to the future of Israel's technology industry."

A Difficult Road for Landa

In July, after Landa Digital Printing initially sought bankruptcy protection for being unable to service approximately $516M in debt, we reported there were several factors contributing to the state of the company, among them "global economic uncertainties that have impacted CapEx investments by print providers; the Israeli war in Gaza, which has disrupted manufacturing processes, caused supply chain shortages; and required military reserve callups for several Landa employees; more costly shipping rates partly fueled by terrorism-led disruptions in the Suez Canal; and the relatively slim margins for the Landa presses themselves — given the costs of years of R&D investments and delays in bringing saleable, production models to market; Landa’s costs to secure numerous patents; and the comparatively high employee wage structures in Israel."

This is a developing story.