CEWE acquires Kodak Alaris instant photo business

CEWE Stiftung & Co. KGaA signed an agreement to acquire Kodak Alaris' KODAK MOMENTS Retail Photo Solutions business unit for an enterprise value of approximately €88 million. The acquisition includes about 37,000 connected photo kiosks in 16,000 retail stores across 54 countries, a production facility in Windsor, Colorado, and around 500 employees. The deal is expected to close in the first half of 2027, subject to regulatory approvals. CEWE anticipates a positive EBIT contribution from the acquisition as early as fiscal year 2027, with a mid-single-digit EBIT margin. The acquisition expands CEWE's international footprint into the U.S., Canada, Mexico, and Australia, and strengthens its brand portfolio with KODAK MOMENTS.