January 25, 2022
Kornit Digital Ltd., Rosh Ha’Ayn, announced that it has entered into a definitive agreement to acquire Lichtenau, Germany-based Tesoma.
“Kornit is writing the operating system for on-demand sustainable fashion,” says Ronen Samuel, Kornit Digital CEO. “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, with innovative and sustainable, never-before-seen, on-demand textile production solutions. We’ve been working with Tesoma’s phenomenal engineering team on revolutionary product innovations and unique integration concepts, and I am very excited with our immediate and longer-term roadmap plans.”
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, according to both companies.
“We are excited to join the Kornit team and be an integral part of its journey to transform the fashion and textile industry,” says Andreas Irmscher, manager of Design Engineering at Tesoma. “As partners, we have been working closely together with Kornit on innovative next-generation solutions and we are enthusiastic to join forces, as one team, and accelerate Kornit’s mission to elevate the industry standard, with intelligent user functionalities and industry 4.0 connectivity. Together, we will 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, following the completion of business transition and integration plans. — D.S.
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