Kiian Digital teams up with JTeck3

Kiian Digital appears to have taken over JTeck3, though the financial terms of the deal weren’t made public and the press release merely talks about “joining forces”.

The two companies, which both develop sublimation inks for the digital textile industry, have been rivals, though together they will have a fairly complete portfolio of inks suitable for most of the printheads currently available and with market share in most regions worldwide.

Kiian Digital has made a number of investments recently including a new facility in USA last year and a state of the art production and development centre near Como which comes on stream later this year.

Both companies will retain their own identities for now though the group will be headed by Dennis Wilby, president of Kiian Digital, but with Italo Mariani and Enrico Grasselli, former owners of J-Teck3 still involved. The new company will be owned by Kiian’s shareholders, the venture capital companies Wise SGR and Alcedo SGR, as well as the management teams of both Kiian and JTeck3.

 


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