Xaar acquires printing systems and print bar specialist FFEI limited
Click on image to download high resolution version
Xaar has recently acquired FFEI limited. The addition of FFEI will help Xaar strengthen its capabilities and capabilities and provide a more comprehensive solution for the growing number of OEM and UDI (User Developer Integrator) customers.
The deal will accelerate the company's current growth strategy and enable Xaar to seize additional opportunities in vertically integrated solutions
Hemel Hempstead-based CEO Andy Cook and CFO Julian Payne will remain in their current roles and report to John Mills, Xaar's CEO. Bob Wilson, FFEI's CTO, will join Xaar in a senior position in the printhead business, where he will focus on delivering technologies for the company's UDI customers.
John Mills said: ‘After restructuring and stabilizing our core printhead business, the acquisition of FFEI will accelerate our strategy and expand our client offering in various markets. The acquisition will further enhance Xaar's world-class expertise, as well as provide a range of off-the-shelf solutions. We are very excited to host at Xaar and look forward to integrating the business as we continue to deliver on our strategy.’
Andy Cook comments on the development: “We are delighted to be a part of Xaar, providing a great opportunity for the business to thrive and grow. With its great technology and great people, Xaar is a long-term market leader and an excellent choice for the business.”
The FFEI employs more than 60 people and generated annual revenue of £9.9m up to 31 March 2021.