Inkjet printhead manufacturer Xaar has acquired Megnajet, which designs and makes ink management and supply systems.
The deal accelerates Xaar’s growth strategy, which sees it offering greater integration across inkjet solutions.
John Mills, chief executive at Xaar, says; “This acquisition demonstrates further progress of our growth strategy. We have a focus on offering our customers a more integrated inkjet solution.
“As well as enhancing Xaar’s world class inkjet expertise, Megnajet’s excellent reputation within the inkjet industry for delivering compact and easy to integrate products will ensure we can attract new opportunities through providing a more rounded approach for our customers.
“Xaar has worked with Megnajet for several years, so this acquisition is a great addition to our business. We are delighted to welcome everyone at Megnajet into the Xaar Group.”
Megnajet’s broad product range will form part of Xaar’s inkjet solutions portfolio. Xaar says this will help user developer integrator (UDI) customers reduce development timescales and shorten their time to market. Also, it will attract a broader range of commercial opportunities for the business.
Mike Seal will head Megnajet as general manager. He joins the business having previously been Xaar’s Head of Advanced Applications. He says, “I look forward to working with the team. We will continue Megnajet’s focus in helping customers get their products to market more quickly.“Now, as part of Xaar, we will have the expertise, resources and technologies to develop our ink management and supply systems even further. As a result, it will benefit our customers and grow the Megnajet business.”
Xaar anticipates the acquisition will contribute positively to earnings in 2022. It also sees it helping the long term profitable growth in Xaar’s core printhead business.
