GIS acquired by Nano Dimension
Published: 6 January 2022 | No comments yet
GIS has more than 130 customers around the world with a focus on high-value, precision-oriented applications such as specialised direct-to-container packaging
Nano Dimension has acquired Global Inkjet Systems (GIS), in a move set to usher in a new era of technologies and opportunities for both companies and their respective customers.
Nano Dimension specialises in additively manufactured electronics (AME)/3D printed electronics, and micro additive manufacturing (micro AM). GIS develops and supplies high-performance control electronics, software, and ink delivery systems. Founded in 2006, the company is well known for inventing and delivering state-of-the-art 2D and 3D printing inkjet hardware and unique operating software.
GIS is noted as a growing company with revenue for the 12 months ended March 31, 2021, of approximately $10 million and a gross margin of 51%. Moreover, GIS has more than 130 customers around the world with a focus on high-value, precision-oriented applications such as specialised direct-to-container packaging, printed electronics functional fluids, and 3D printing, which can all be controlled by its Atlas proprietary software system.
The acquisition is part of Nano Dimension’s vision is to provide 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. The combined expertise of both Nano Dimension and GIS will enable faster product development, including the technology that is at the centre of next-generation systems.
Nano Dimension chairman and CEO Yoav Stern commented, ‘GIS’s ink delivery technology and software are essential to any ink deposition methodology within our AME and AM solutions. GIS’s 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.’
GIS will continue to develop and sell its hardware and software globally, whilst taking advantage of Nano Dimension’s go-to-market resources and global reach. This combination will enable GIS to more effectively penetrate fast-growing printing markets.
Emerging AM market segments especially rely on GIS’ level of precision that enables advanced industrial applications. In parallel, the merger will provide Nano Dimension with exposure to new market segments and application areas.
Nick Geddes, founder and CEO at GIS, said, ‘We are very excited to be joining a company that recognizes 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.’
Mr Stern continued, ‘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’s innovative hardware and software. In parallel, our go-to-market network will expand GIS’s commercial horizon and customer base. The combination of both companies will further leverage the customer-focused culture across the entire organisation.’