Kornit Digital Ltd. announced today the official opening of its new $25 million scalable, state-of-the-art ink manufacturing facility in Kiryat Gat, Israel. The 11,000-square-meter facility incorporates advanced automation, sophisticated workflows, and innovative technologies for production optimization. The new high-volume production facility is expected to fulfill global demand for Kornit consumables for the next decade.
“This is a key milestone in our journey to become a $1 billion company by 2026 and will ensure for many years to come that we can support the tremendous growth our customers are experiencing,” said Ronen Samuel, Kornit Digital’s Chief Executive Officer. “We are proud to lead the charge for a cleaner and more responsive textile industry as we continue to write the operating system for sustainable fashion and textiles on demand.”
In other news, Kornit announced it has entered into a definitive agreement to acquire Lichtenau, Germany-based Tesoma, which provides high-quality engineering and performance of its cutting-edge textile curing solutions. The company says Tesoma’s technology and solutions align with Kornit’s strategy to add smart automation capabilities.
“Kornit is writing the operating system for on-demand sustainable fashion. 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,” said Samuel. “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.”
“We are excited to join the Kornit team and be an integral part of its journey to transform the fashion and textile industry. 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,” said Andreas Irmscher, Manager of Design Engineering at Tesoma. “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, 2022, following the satisfactory completion of business transition and integration plans.