CEWE to Acquire Kodak Alaris' Instant Photo Business

CEWE Stiftung & Co. KGaA has announced an agreement to acquire Kodak Alaris' KODAK MOMENTS Retail Photo Solutions, a division generating approximately €200 million in revenue. The acquisition is expected to enhance CEWE's brand portfolio significantly.

The deal, valued at around €88 million, includes the Kodak Alaris instant photo business operational in 54 countries, with significant markets in the U.S., Canada, Mexico, and Australia. CEWE plans to capitalize on the KODAK MOMENTS brand through a licensing agreement.

The transaction's closing, anticipated in the first half of 2027, is contingent upon regulatory and antitrust approvals. CEWE projects that the acquisition will contribute positively to its earnings starting from 2027 with an expected mid-single-digit EBIT margin.