Xaar has completed the acquisition of Megnajet, the manufacturer of industrial ink management and supply systems for digital inkjet.
The deal accelerates Xaar’s growth strategy of offering its customers, particularly User Developer Integrators (UDIs), greater integration across inkjet solutions through access to more of the printing ecosystem, such as ink supply systems and electronics. In addition, the acquisition will enable Megnajet to focus on growth through new developments and shared expertise across the group.
Megnajet will be headed by Mike Seal as its new General Manager. He joins the business having previously been 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 still retaining the responsibilities from his previous role.
John Mills, CEO, Xaar, 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. 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.”