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Xaar acquires Megnajet

Megnajet designs and manufactures integrated and compact ink management and supply systems. Its product range will form part of Xaar’s inkjet solutions portfolio, helping UDI customers reduce development timescales and shorten their time to market, according to the company. In addition, the acquisition will enable Megnajet to focus on growth through new developments and shared ....

John Mills , Mike Seal , Graham Strudwick , Xaar Group , User Developer Integrators , System Component Integration , Labels Amp Labeling , Abel And Package Printing Industry , L Amp ,

Xaar acquires Megnajet to accelerate growth

Xaar has acquired Megnajet and Technomation, whose businesses trade together under the name Megnajet and manufacture industrial ink management and supply systems for digital inkjet. ....

John Mills , Mike Seal , Graham Strudwick , Xaar Group , User Developer Integrators ,

Investegate |Xaar PLC Announcements | Xaar PLC: 2020 FULL YEAR RESULTS

2
£16.2m
1 - Excluding the impact of share-based payment charges, exchange differences on intra-group transactions, gain or loss on derivative financial liabilities, restructuring costs, other operating income and discontinued operations as reconciled in note 2
2 - Net cash at 31 December includes cash, cash equivalents and treasury deposits excluding Xaar 3D
3 - Restated results for 2019. See note 7

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Revenue of £48.0m in line with management expectations
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Gross margin of 27%, increased from 25% in 2019, benefitting from operational leverage in the business
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R&D spend in continuing operations of £4.5m, up £1.4m on 2019 with investment focused on the ImagineX platform and product roadmap
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Positive aEBITDA contributions from Printhead and EPS businesses ....

United States , United Kingdom , Xaar Nitrox , Ian Tichias , James Macey White , John Mills , Giles Kernick , Andrew Herbert , Group Revenue , Revenue For The Group , Bulk Printhead Technology , Regulatory Information Service , Owners Of The Company , Flow Tf Technology , Printing Solutions , High Laydown Technology , Cambridge Research Park , Disposal Group Assets , European Union Withdrawal , Xaar Bulk Printhead Technology , Tulchan Communications , Paycheck Protection Program , Atf Technology , Market Abuse Regulation , European Union , Thin Film ,