Read the Magazine Find a Supplier Features and Resources News from Across the Industry Find an Event Advertise with Us Chinese Issues
Search Sign Up

XAAR Aquires FFEI

Xaar has completed the acquisition of leading print systems and printbar specialist FFEI Limited.

Posted On
12th Jul 2021
Categories
Company, Digital, 2021 Q3
Share this article

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 leading integrator and manufacturer of industrial digital inkjet systems and digital life science technology with many years of experience in managing technical integration and engineering projects. Its highly innovative and advanced imaging solutions and printbar manufacturing have enabled the business to establish several joint ventures with world leading organisations 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 stabilised 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. 

“I’ve personally known the FFEI team for many years and have long admired their capabilities having previously worked closely with them. We are very excited to welcome them to Xaar and look forward to integrating the business as we continue to deliver on our strategy.”

Andy Cook commented; “We are delighted to become part of Xaar which represents a fantastic opportunity for the business to develop and grow. Xaar has been a long-term market leader with great technology and great people and is a perfect fit for the business.”

FFEI employs over 60 people and in the year to 31 March 2021 generated revenue of £9.9 million. The initial cash consideration of £3.7 million was paid on completion, which reflects existing FFEI free cash reserves, with an additional £5.4 million deferred consideration to be paid out over three years. The Board expects the acquired expertise and resource to be utilised for projects that will drive long term profitable growth in Xaar’s core printhead business.

To learn more about XAAR visit here.

Related News

See all news from across the industry
Locked

Formnext powers ahead at the start of the year and offers year-round content

Categories
3D Additive, Company, Event
Date
23rd Mar 2023

Formnext has hit the ground running in 2023 with the highest number of registrations to date. By the end of February, more than 550 companies had signed…

Find out more
Locked

Polyprint appoints American Print Consultants

Categories
Company, Digital, 2023 Q1
Date
23rd Mar 2023

Polyprint and American Print Consultants (APC), have signed a distribution partnership agreement whereby APC will sell and service the new, Texjet NG…

Find out more
Locked

NEOS Vision System Technology

Categories
Company, Digital, 2023 Q1
Date
23rd Mar 2023

NEOS Vision System Technology for inkjet printing process.

Find out more
See all news from across the industry
About Us Contact Us Publish with us Terms and Conditions Privacy
Chamond Media Ltd - Trading as Specialist Printing Worldwide
Registered in the UK, Company No.: 12186669 
Phone: +44 7889 637 434
© 2023 Specialist Printing Worldwide | All Rights Reserved
Site by Grandad.digital