I managed to build ImageMagick-6.7.3-8 for ARM and it tons on a Seagate Satellite.
This build is a static build which includes
a) JPEG
b) FFTW
c) zlib
d) bzlib
e) JBIG
f) JPEG2000
g) PNG
h) TIFF
The general build instructions was available here (http://studio.imagemagick.org/discourse-server/viewtopic.php?t=11137&p=35692).
The key pointer is
For static deployment we add each delegate library to the ImageMagick folder named by its format name (e.g. ImageMagick-6.4.0/tiff for the TIFF delegate). Next build each delegate library static (e.g. ./configure --disable-shared). Now build ImageMagick with these options: cd ImageMagick-6.4.0 ./configure --disable-shared --enable-delegate-build make The --enable-delegate-build option tells ImageMagick to pick up the local static version of the delegate library rather than the system shared delegate library.