Global Inkjet Systems (GIS) of Cambridge, UK has been bought by Florida-based Nano Dimension for $US18 million, with an additional payment of up to $US10.5 million dependent on meeting some financial targets.
|GIS inkjet system components in a laboratory environment|
Nasdaq-listed Nano Dimension, an industry leader in Additively Manufactured Electronics (AME)/3D-Printed Electronics (PE), and Micro Additive Manufacturing (Micro-AM), said its acquisition of GIS would boost its 3D Printing and Additive Manufacturing businesses.
| "Essential" technology:
Nano CEO Yoav Stern
“GIS’ ink delivery technology and software are essential to any ink deposition methodology within our AME and AM solutions,” Nano chairman and CEO Yoav Stern said.
“GIS’ research and development roadmap will help us to deliver better resolution and higher productivity in our industrial 3D printing solutions. As a result of this acquisition, we will be able to improve our technology’s performance and time to market. The combined company will own and have access to innovative and yet-to-be-released printing technologies, providing value and leading-edge solutions tailored to our customers’ needs and giving us a clear competitive advantage.”
GIS, founded in 2006 and based in Cambridge, UK, is a leading developer and supplier of application software, drive electronics and ink system components – supporting a wide range of industrial printers.
GIS’ technology drives thousands of printheads in a single pass, XY scanning, 3D and customized systems worldwide. Its customers integrate their products into industrial printers and use the technology as a platform for rapid product development.
|GIS offers a range of head interface boards which control printhead settings, waveform control and resolution|
“GIS will continue to develop and sell its breakthrough hardware and software globally while taking advantage of Nano Dimension’s go-to-market resources and global reach,” it said. “This combination will enable GIS to more effectively penetrate fast-growing printing markets.”
GIS CEO Nick Geddes: “We are very excited to be joining a company that recognizes the excellence of our technologies, our passion for innovation and matches our customer-focused culture. Working together, we will be pushing the envelope beyond existing printing capabilities in ways our customers will gain advantages that are unmatched yet.”
Nano Dimension paid GIS shareholders $18.1 million in cash. In addition, it will pay between $1.3 million to $10.7 million within the next 27 months if GIS achieves certain financial performance over this period.