Exela Technologies Closes Sale Of High-speed Scanner Business As Part Of Strategic Plan To Sell Non-core Assets
Portfolio Pulse from Charles Gross
Exela Technologies has completed the sale of its high-speed scanner manufacturing and maintenance business, including the Intelliscan family of products, to Imaging Business Machines, LLC. The business generated $20.5 million in revenue in 2022.
June 09, 2023 | 1:09 pm
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Exela Technologies has sold its high-speed scanner business to Imaging Business Machines, generating $20.5 million in revenue in 2022.
The sale of the high-speed scanner business is part of Exela's strategic plan to sell non-core assets. While the sale may generate cash for the company, it is unclear how this will impact the stock price in the short term. The revenue generated by the business in 2022 was $20.5 million, which may be considered significant, but the overall impact on the stock price remains uncertain.
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