Xaar plc, a longstanding developer of industrial inkjet technology, has acquired Engineered Printing Solutions (EPS), a provider of product printing equipment in North America. The acquisition is Xaar's first as part of the company's strategic vision to achieve £220m of annual sales by 2020.
EPS, founded by Julian Joffe in 1985, has built its business through supplying customized and bespoke printing solutions for a variety of market sectors including promotional, packaging, medical, automotive, apparel, appliances, sports equipment and toys. One of its focuses has been to develop flexible and cost effective digital inkjet solutions. In 2015, EPS generated $14m of revenue and today employs 60 staff.
“The product printing market is served by multiple print processes today and the fastest growing is inkjet,” said Doug Edwards, CEO of Xaar. “Here, just as with other industry sectors, there is great potential to accelerate the adoption of inkjet. EPS has established a successful business and is well positioned to continue to grow. Xaar gains a strong customer base and footprint in North America, a region Xaar has been targeting for growth. The integration capabilities EPS brings to Xaar will enable us to provide greater support to our existing and new OEM partners.”
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