Nano Dimension, Sunrise, Florida, USA, a specialist in additively manufactured electronics and micro AM, has announced the acquisition of Global Inkjet Systems Ltd (GIS). The British-based GIS is a developer and supplier of high-performance control electronics, software, and ink delivery systems.
Nano Dimension provides nanoparticle multi-material AM solutions to the electronics sector, enabling designers and engineers to additively manufacture metals and polymers simultaneously to create functional electronic components. The combined expertise of both companies is expected to enable faster product development, including the technology that is at the centre of next-generation systems.
“GIS’ ink delivery technology and software are essential to any ink deposition methodology within our AME and AM solutions,” stated Yoav Stern, Chairman and Chief Executive Officer of Nano Dimension. “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.”
Founded in 2006, GIS has experience in developing and delivering 2D and 3D AM inkjet hardware and unique operating software. It is a growing company with a reported revenue for the twelve months ending March 31, 2021, of approximately $10 million and a gross margin of 51%. Nano Dimension reportedly paid GIS shareholders $18.1 million in cash and is scheduled to pay between $1.3 million to $10.7 million within the next twenty-seven months, if GIS achieves certain financial performance over this period.
GIS will continue to develop and sell its hardware and software globally while taking advantage of Nano Dimension’s resources and global reach. This combination will enable GIS to more effectively penetrate fast-growing AM markets. The merger will also provide Nano Dimension with exposure to new market segments and application areas.
Nick Geddes, founder, and CEO of GIS, commented, “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.”
Stern concluded, “This is a win-win for both organisations. 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.”