Kornit Digital Ltd., a worldwide market leader in sustainable, on-demand, digital fashion and textile production technologies, has entered into a definitive agreement to acquire Lichtenau, Germany-based Tesoma.
ROSH HA’AYN, Israel
Kornit Digital Ltd., a worldwide market leader in sustainable, on-demand, digital fashion and textile production technologies, has entered into a definitive agreement to acquire Lichtenau, Germany-based Tesoma.
Tesoma is globally recognized 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 innovative, sustainable on-demand production solutions, empowering customers to improve productivity, optimize quality, and reduce the total cost of ownership—all in a more sustainable production environment.
Ronen Samuel, Chief Executive Officer, Kornit Digital, said that, Kornit is writing the operating system for on-demand sustainable fashion. Digitizing the production floor is a key pillar of their strategy and the acquisition of Tesoma will allow them to continue accelerating on their mission to transform this industry, with innovative and sustainable, never-before-seen, on-demand textile production solutions.
Andreas Irmscher, Manager, Design Engineering, Tesoma, said that, they are excited to join the Kornit team and be an integral part of its journey to transform the fashion and textile industry. She added that, together, they would 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.
The acquisition is expected to be completed on or before April 1, 2022, following the satisfactory completion of business transition and integration plans.
Kornit Digital is a worldwide market leader in sustainable, on-demand, digital fashion and textile production technologies. The company is writing the operating system for on-demand fashion production with end-to-end solutions including digital printing systems, inks, consumables, software solutions, and an entire global ecosystem that manages workflows and fulfillment. Headquartered in Israel with offices in the USA, Europe, and Asia Pacific, Kornit Digital serves customers in more than 100 countries and states worldwide.
Source: GlobeNewswire
Image Source: Google Image
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