Xaar has completed the acquisition of print systems and printbar specialist FFEI. The deal will accelerate the company’s existing growth strategy and will enable Xaar to capture additional opportunities in vertically integrated solutions.
FFEI is a manufacturer of industrial digital inkjet systems and digital life science technology with many years of experience in managing technical integration and engineering projects. Its imaging solutions and printbar manufacturing have enabled the business to establish several joint ventures with organizations in both digital inkjet and life sciences.
The addition of FFEI strengthens Xaar’s capabilities and skills and will help to provide a more comprehensive solution for its growing number of OEM and UDI (user developer integrator) customers.
Based in Hemel Hempstead, UK, CEO Andy Cook and CFO Julian Payne will remain in their current roles and report to Xaar’s CEO John Mills. Bob Wilson, FFEI’s CTO, will join Xaar in a senior position within the printhead business, where he will focus on delivering technologies for the company’s UDI customers.
John Mills said, “Having restructured and stabilized our core printhead business, the acquisition of FFEI will accelerate our strategy and expand our customer offering in a range of markets. As well as providing a number of ready-made solutions, the acquisition will further enhance Xaar’s world class expertise.”
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