Xaar has completed the acquisition of Megnajet, a Northamptonshire-based company that specialises in the design and production of industrial ink management and supply systems for inkjet printing.
The deal, which Xaar expects to contribute positively to earnings in 2022 and beyond, will also provide its customers with access to more of the printing ecosystem, including ink supply systems and electronics.
Going forward Megnajet will be headed by Mike Sea, its new general manager, who was previously Xaar’s head of advanced applications. Megnajet’s technical director, Graham Strudwick, will become 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.
Xaar CEO John Mills commented, ‘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.’
