Xaar has bought the American company Engineered Printing Solutions, or EPS, which sells printing kit in North America. It’s Xaar’s first acquisition and forms part of its strategic vision to achieve £220m of annual sales by 2020.
EPS, which was founded in 1985, supplies customised and bespoke printing solutions to a wide variety of market sectors including promotional, packaging, medical, automotive, apparel, appliances, sports equipment and toys. This includes developing flexible and cost-effective digital inkjet solutions. Last year the company generated $14m of revenue and today employs 60 staff.
Doug Edwards, CEO of Xaar, says that EPS has the potential for further growth, adding: “Xaar gains a strong customer base and footprint in North America, a region Xaar has been targeting for growth. The integration capabilities EPS brings to Xaar will enable us to provide greater support to our existing and new OEM partners”.
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