Last week IMI Europe hosted a mergers & acquisitions in inkjet forum on the day before the 2019 European digital printing conference. I have to admit that it has been a long time that I gained that much insight on trends that will shape our industry from a conference – although I am not even in danger of buying or selling a company any time soon.
Ken Stack from Proximus LLC led through the forum on drivers and market activity in mergers & acquisitions for production inkjet technology and related companies. Despite the negative assessments print is receiving sometimes, there is a healthy interest in production inkjet companies from various sectors such as public companies, private equity (PE) and increasingly private companies as well. There is no lack of funding capital either, especially in the era of zero interest rates. On the other hand, R&D in new technologies is pricey and protracted, with spending well above a hundred million US$ for a new inkjet head generation or press design. Hence even for established players acquisitions can make a lot of sense.