Kornit to acquire drying and curing specialist
Published: 26 January 2022 | No comments yet
The acquisition is expected to be completed on or before 1 April following the satisfactory completion of business transition and integration plans.
Kornit Digital has entered into a definitive agreement to acquire Tesoma, a German company that specialises in drying and curing solutions.
Israel-based Kornit says that the acquisition, which expected to be completed on or before 1 April 2022, is part of its broader strategy to digitise the production floor. It added that Tesoma, which is headquartered in Lichtenau, North Rhine-Westphalia, is ‘globally recognised for the high-quality engineering and performance of its cutting-edge textile curing solutions.’
Tesoma’s technology and solutions align with Kornit’s strategy to add smart automation capabilities within its sustainable on-demand production solutions. The company believes that this synergy will allow it to empower its customers to ‘improve productivity, optimise quality, and reduce the total cost of ownership—all in a more sustainable production environment.’
Ronen Samuel, Kornit’s chief executive officer, explained the move. ‘Kornit is writing the operating system for on-demand sustainable fashion,’ he said. ‘Digitising the production floor is a key pillar of our strategy and the acquisition of Tesoma will allow us to continue accelerating on our mission to transform this industry, with innovative and sustainable, never-before-seen, on-demand textile production solutions. We’ve been working with Tesoma’s phenomenal engineering team on revolutionary product innovations and unique integration concepts, and I am very excited with our immediate and longer-term roadmap plans.’
Andreas Irmscher, manager of design engineering at Tesoma, added, ‘We are excited to join the Kornit team and be an integral part of its journey to transform the fashion and textile industry. As partners, we have been working closely together with Kornit on innovative next-generation solutions and we are enthusiastic to join forces, as one team, and accelerate Kornit’s mission to elevate the industry standard, with intelligent user functionalities and Industry 4.0 connectivity. Together, we will heighten the market’s expectations for clean, efficient, automated on-demand production, with a fully integrated solution that yields a superior, brilliant impression every time.’