Kodak gets EU okay for Creo takeover

4 May 2005 – Brussels (BEL): Eastman Kodak has won European Union approval for its $980 million acquisition of printer workflow software provider Creo.

The commission said in a statement: "The transaction would not significantly impede effective competition…and [the commission] has therefore approved the concentration."

The Creo takeover forms part of Kodak’s strategy to expand aggressively into commercial printing.