Home   Business   Article

Subscribe Now

Global Inkjet Systems acquired by Nano Dimension for initial $18.1m



More news, no ads

LEARN MORE


Cambridge-based Global Inkjet Systems (GIS) has been acquired by Nano Dimension, a Florida-headquartered industry leader in additively manufactured electronics, which paid shareholders an initial fee of $18.1million.

A further $1.3m-$10.7m will be due in the next 27 months if GIS achieves certain financial performance levels.

Global Inkjet Systems technology - inkjet system components in a laboratory environment. Picture: GIS
Global Inkjet Systems technology - inkjet system components in a laboratory environment. Picture: GIS

GIS, founded in 2006 and based at St John’s Innovation Centre, develops and supplies high-performance control electronics, software and ink delivery systems.

Its state-of-the-art 2D and 3D printing inkjet hardware and operating software has helped it win more than 130 customers globally, which focus on high-value, precision-oriented applications. These include specialised direct-to-container packaging, printed electronics and 3D printing, controlled by GIS’ proprietary software system, Atlas.

Described as a “growing company”, it achieved about $10m in revenue for the year to April 2021, with a gross margin of 51 per cent.

Nasdaq-listed Nano Dimension, meanwhile, is focused on additively manufactured electronics (AME), 3D-printed electronics (PE) and micro additive manufacturing (Micro-AM) - technologies that can be of use in everything from electromechanical parts for autonomous cars and smart devices to embedded sensors for medical devices.

Global Inkjet Systems offers a range of head interface boards, which control all standard printhead settings, waveform control and resolution. Picture: GIS
Global Inkjet Systems offers a range of head interface boards, which control all standard printhead settings, waveform control and resolution. Picture: GIS

Nick Geddes, founder and CEO of GIS, said: “We are very excited to be joining a company that recognises 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.”

The teams expect to collaborate to accelerate product development, with Nano Dimension focused on providing advanced, digital production technologies for additive manufacturing (AM) and 3D printed electronics that meet the speed and efficiency standards of Industry 4.0 fabrication demands.

Yoav Stern, chairman and CEO of Nano Dimension, said: “GIS’ ink delivery technology and software are essential to any ink deposition methodology within our AME and AM solutions. 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.”

The intention is for GIS to continue to develop and sell its hardware and software globally, but it will benefit from Nano Dimension’s market resources and global reach, helping it to reach fast-growing printing markets and exposure to new market segments.

GIS Atlas software controls all aspects of the printhead function including the direct to shape module shown here to plan and control inkjet printing onto complex shapes. Picture: GIS
GIS Atlas software controls all aspects of the printhead function including the direct to shape module shown here to plan and control inkjet printing onto complex shapes. Picture: GIS

Key to Nano Dimension’s interest in GIS was the level of precision is achieves for advanced industrial applications.

“This is a win-win for both organizations,” suggested Mr Stern. “Combining forces and resources will enable growth for the integrated company at an accelerated pace.

“This merger will upgrade Nano Dimension’s product line with GIS’ innovative hardware and software. In parallel, our go-to-market network will expand GIS’ commercial horizon and customer base.

“The combination of both companies will further leverage the customer-focused culture across the entire organisation.”

Nano Dimenion’s DragonFly IV system is able to deposit conductive and dielectric materials simultaneously, while integrating in-situ capacitors, antennas, coils, transformers and electromechanical components.

It says this helps customers going from CAD to a functional device in hours instead of weeks.

Read more

Cambridge region yields nine Queen’s Awards for Enterprise



This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies - Learn More