Inkjet printhead specialist Xaar has acquired Megnajet, a market leader in the design and manufacture of industrial ink management and supply systems for digital inkjet.
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| "A great addition to our business": John Mills, CEO Xaar. |
“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,” said John Mills, CEO of Xaar.
“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 designs and manufactures some of the most integrated and compact ink management and supply systems, Xaar said. “Their broad product range will form part of Xaar’s inkjet solutions portfolio, helping UDI customers reduce development timescales and shorten their time to market, while also attracting a broader range of commercial opportunities for the business.”
Both companies are based in the UK. Megnajet will be headed by Mike Seal as its new general manager. Seal was previously Xaar’s head of advanced applications.
Megnajet’s technical director Graham Strudwick becomes the Xaar Group’s new director of system component integration, bringing his expertise to the wider business while retaining responsibilities from his previous role.
Xaar added: “It is anticipated that the acquisition will contribute positively to earnings in 2022, and to the long-term profitable growth in Xaar's core printhead business.”
