ROSH-HA`AYIN, Israel-Kornit Digital announces that it has closed a definitive asset purchase agreement with Hirsch Solutions Inc. to purchase remaining Kornit business assets related to the distribution agreement between the companies.
Kornit notes that “the business and operational transition between the parties” is ahead of schedule.
“All teams have worked diligently to ensure a smooth operational transition for all of our customers,” states Ronen Samuel, CEO of Kornit. “We are pleased to have completed this asset acquisition, and the operational transition ahead of schedule. We look forward to executing on our growth strategy in North America.”
Kornit initially announced the transition late last year, shortly after opening a new North American headquarters in New Jersey. The company’s full direct-to-customer model for the North American market took effect Feb. 7. As part of the agreement, Kornit says it assumes ownership of relevant Kornit-related customer business assets as well as the remaining inventory of systems and ink.
For more information, visit www.kornit.com.