Kornit Digital, a manufacturer of digital textile printing solutions, announces it has entered into a definitive agreement to acquire Lichtenau, Germany-based Tesoma, a global manufacturer of textile curing solutions.
According to Kornit, Tesoma’s technology and solutions align with the company’s strategy to add smart automation capabilities within its production solutions.
“Digitizing 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,” says Ronen Samuel, Kornit Digital’s CEO. “We’ve been working with Tesoma’s engineering team on product innovations and integration concepts, and I am very excited with our immediate and longer-term roadmap plans.”
“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 solutions and we are enthusiastic to join forces, as one team, and accelerate Kornit’s mission to elevate the industry standard,” remarks Andreas Irmscher, manager of design engineering at Tesoma. “Together, we will heighten the market’s expectations for clean, efficient, automated on-demand production, with a fully integrated solution.”
The acquisition is expected to be completed on or before April 1, following the satisfactory completion of the business transition and integration plans.