Nano Dimension acquires GIS

Global Inkjet Systems, which specialises in developing inkjet printhead drive electronics, ink systems and related software, has been acquired by Nano Dimension, an Israeli company that develops 3D-printed, or additively manufactured, electronics.

Global Inkjet Systems develops inkjet drive electronics as well as ink systems components such as shown here.

Nano Dimension paid $18.1 million in cash to acquire GIS, with an additional sum between $1.3m to $10.7m also due in the next 27 months depending on GIS’ financial performance over that time.

GIS is based in Cambridge in the UK. The company was founded in 2006 by CEO Nick Geddes and technical director Jim Brotton, who passed away in 2017, leaving Geddes as the majority shareholder. Initially the company supported Xaar and Konica Minolta printheads, expanding over the years to add support for most inkjet heads currently available. By 2014 the company had launched its ink system components and in 2015 it introduced its Atlas software. It generated revenue for the 12 months ended March 31, 2021, of approximately $10 million and a gross margin of 51 percent.

Nano Dimension says that GIS will continue to develop and sell its range of technology. Yoav Stern, chairman and chief executive officer of Nano Dimension, commented: “Combining forces and resources will enable growth for the integrated company at an accelerated pace. This merger will upgrade Nano Dimension’s product line with GIS’ innovative hardware and software. In parallel, our go-to-market network will expand GIS’ commercial horizon and customer base. The combination of both companies will further leverage the customer-focused culture across the entire organization.”

Stern noted: “GIS’ ink delivery technology and software are essential to any ink deposition methodology within our AME (additively manufactured electronics) and AM (additive manufacturing) solutions. GIS’ research and development roadmap will help us to deliver better resolution and higher productivity in our industrial 3D printing solutions.” 

He added: “As a result of this acquisition, we will be able to improve our technology’s performance and time to market. The combined company will own and have access to innovative and yet-to-be-released printing technologies, providing value and leading-edge solutions tailored to our customers’ needs and giving us a clear competitive advantage.”

Nano Dimension was set up in 2012 in Ness-Ziona, Israel, by Amit Dror, who remains on the board having stepped down as CEO in January 2020 in four of Stern. Dror noted at the time: “While the company enjoys revenue growth, global recognition and increased adoption, I believe that we can do much better. After spending several months with Yoav, I concluded that he is the right person to lead us forward and have personally asked him to succeed me and realize the company’s full potential.”

The company’s flagship product is the DragonFly IV, which can print electronics boards in various shapes using two piezo inkjet heads. It prints two materials: a dielectric that forms the shapes; and a conductive ink with silver nano particles. It has a build size of 160 x 160 x 3mm and a resolution of 18 x 18 x 10 microns.

Towards the end of last year, Nano Dimension acquired Essemtec AG, based in Lucerne, Switzerland, a company that specialises in developing production equipment for electronic assembly. This includes equipment for placing and assembling electronic components on printed circuit boards (PCBs). Nano Dimension says that this acquisition lays the groundwork for the ability to place Microchips as part of additively manufactured electronics solution, which would be a significant step forward.

Stern explained: “Essemtec’s present products fit Nano Dimension’s PCB and PCB assembly markets, as well as the original equipment manufacturers verticals which we serve. As such, we hope to leverage the distribution channels and go-to-market efforts of both organizations. In parallel, our mutual vision is to merge the technologies of our micro-electronic 3D-fabrication machines for Hi-PEDs (Hi-Performance Electronic Devices) with Essemtec’s fuller suite of in-fabrication-process-equipment-assembly capabilities.”

Nano Dimension gained those micro-electronic 3D-fabrication machines through another acquistion, picking up NanoFabrica in April 2021 for a total ranging between $54.9 million to $59.4 million. The company is a major player in the field of precision digital manufacturing thanks largely to its Micro Adaptive Projection technology.

Also in April 2021, Nano Dimension acquired DeepCube, which specialises in advanced machine learning and deep learning technology. Stern has since said: “It is our intention to use our newly acquired deep learning based artificial intelligence technologies from our DeepCube acquisition to become the “robotic brains” for Essemtec systems. We expect this will improve yield and throughput and drive a more seamless integration with Nano Dimension’s Additively Manufactured Electronics systems.”

This is all part of Nano Dimension’s stated vision to create an artificial intelligence “distributed digital manufacturing application” rather than just machines as capital equipment. Stern adds: “The end goal is to reach a capability for maintaining an inventory of high-end PCB devices, micro-mechanical parts and Hi-PEDs in digital form: print and assemble them as you need them, where you need them, only the quantity you need, in the best quality at competitive prices, as it is done in highest yield and throughput possible for that point in time, specifically in high mix/low volume scenarios.”

This puts Nano Dimension right at the forefront of the additive manufacturing revolution. So far additive manufacturing is simply offering an alternative way of manufacturing components. But the ability to additively embed electronics goes far beyond this and will transform the way that we design and manufacture complete sub assemblies and products. The acquisition of GIS underscores how important inkjet technology is to additive manufacturing. It’s not yet clear if GIS will survive as a standalone entity or what impact that will have on the industrial inkjet market. You can find more details on both companies from globalinkjetsystems.com and nano-di.com.


…with a little help from my friends

If you value independent journalism then please consider making a donation to help support Printing and Manufacturing Journal. There’s no advertising or other income attached to this site as my aim is to provide impartial and in-depth information to all readers. However, it takes time to carry out interviews and check facts so if this site is of interest to you then please support my work. You can find more information about me here.

Syndicate content

You can license the articles from Printing and Manufacturing Journal to reproduce in other publications. I generally charge around £150 per article but I’m open to discussing this for each title, particularly for publishers that want to use multiple stories. I can provide high res versions of images for print publications.

I’m used to working with overseas publishers and am registered for VAT with the UK’s HMRC tax authority but obviously won’t charge VAT to companies outside the UK. You can find further details and a licensing form from this page, or just contact me directly here.

Support this site

If you find the stories here useful then please consider making a donation to help fund Printing and Manufacturing Journal, either as a one-off or a repeat payment. Journalism is only really useful if it’s truly independent and this is the only such news source serving the print/ manufacturing sectors.

However, there are costs involved in travelling to cover events, as well as maintaining this site, not to mention the time that it takes to carry out research, check facts and interview people. So if you value this work, then please help to maintain it and keep it free to read.

Subscribe

Never miss a story – subscribe to Printing and Manufacturing Journal to receive an email notification every time an article is published here. It’s completely free of charge and you can cancel the subscription at any point without any hassle. There’s no need to provide any information other than an email address and subscribers details are not for sale so there’s no risk of any further marketing spam.

Related stories

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *