Xaar has completed the acquisition of Megnajet, a specialist in the design and manufacture of industrial ink management and supply systems for inkjet digital printing.
Specifically, Megnajet designs and manufactures integrated and compact ink management and supply systems. The deal accelerates Xaar’s growth strategy of offering its customers, particularly user developer integrators (UDIs), greater integration across inkjet systems through access to more of the printing ecosystem, such as ink supply systems and electronics.
Going forward, Megnajet’s product range will form part of Xaar’s inkjet solutions portfolio, helping UDI customers reduce development timescales and shorten time-to-market, while also attracting a broader range of commercial opportunities for the business.
Xaar CEO Dr John Mills said, ‘This acquisition demonstrates further progress of our growth strategy as we 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.’
Mike Seal has been named as the new general manager at Megnajet.
In addition, the acquisition will enable Megnajet to focus on growth through new developments and shared expertise across the group.
Dr Mills continued, ‘Xaar has worked with Megnajet for several years, so this acquisition is a great addition to our business.’
