SUNRISE, FL – Nano Dimension acquired Global Inkjet Systems, paying GIS shareholders $18.1 million in cash. In addition, it will pay between $1.3 million and $10.7 million within the next 27 months if GIS achieves certain financial performance over this period.

UK-based GIS develops and supplies high-performance control electronics, software, and ink delivery systems and is known for 2-D and 3-D printing inkjet hardware and operating software. GIS has more than 130 customers globally and had revenues for the 12 months ended Mar. 31 of approximately $10 million.

“GIS’ ink delivery technology and software are essential to any ink deposition methodology within our AME and AM solutions. GIS’ research and development roadmap will help us deliver better resolution and higher productivity in our industrial 3-D printing solutions,” said Yoav Stern, chairman and CEO, Nano Dimension. “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 hardware and software globally.

“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,” said Nick Geddes, founder and CEO, GIS. “Working together, we will be pushing the envelope beyond existing printing capabilities in ways our customers will gain advantages that are unmatched yet.”

“This is a win-win for both organizations,” said Stern. “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 organization.”

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