The industrial print market is having a busy summer with M&A activity and I was happy to hear that Cefla finishing has acquired Italian based innovator JetSet.
JetSet was established around the same time InPrint was launched and they quickly gained a strong reputation for innovation and have grown considerably in this time.
With Cefla's support I imagine that JetSet will go onto even greater things whilst keeping the spirit of the brand and vision of the company.
At InPrint 2015, they exhibited with their innovative Gate concept and gathered plenty of attention and respect from the industrial print market.
We look forward to seeing what they show at InPrint 2016, in Milan, close to their base in Bergamo and look forward to further updates before then.
Formal Announcement from Cefla Finishing:
In keeping with its mission to maintain and further strengthen its position as world leader for surface enhancement technologies, Cefla Finishing has acquired majority stakes of Jet-Set Srl, a dynamic industrial company set up in Bergamo in 2012, specialising in the design and manufacture of digital industrial printing systems, both single-pass and multi-pass. Still a start-up in many ways, the company has nevertheless acquired in-depth experience covering application onto various surfaces with diverse ink types and technologies. Jet-Set acts as an OEM for many companies in different sectors, from the ceramic to the textile industry, from plastic and metal items to the decoration of components for the furniture or building industries. Cefla is just one of many top-level references that the company can lay claim to on a national and international scale. And despite a short lifespan, Jet-Set can also pride itself as one of the 15 InPrint ambassadors, the world’s major trade fair for industrial printing technologies, alongside names such as Agfa Graphics, Ricoh, Inkjet Alliance and Xaar.
Cefla takes a >60% share of Jet-Set’s capital stock thanks to this operation, by directly acquiring stock as well as injecting new capital. Structurally, Cefla joins forces with the owners of Jet-Set as majority shareholder and partner, with an aim to achieve common goals, focusing on continuous development and growth of the company over the coming years.
Cefla Finishing Managing Director Alberto Maestri says: “Acquisition of Jet-Set is a key move for us. It enables us to significantly increase the know-how, already existing in our company, in a sector – that of digital decoration - with huge potential for growth, both on Cefla Finishing’s reference markets as well as alternative sectors such as plastics, fibre cement and metal, in which the company has been investing for quite some time. We are sure that the top-level skills that exist in Jet-Set and their cross-market experience will allow Cefla to develop a highly innovative product for its businesses, at the top of its category in technological terms.”
Equally satisfied about the deal, Sergio Ferrari, founding member and Managing Director of Jet-Set, comments: “Cefla is an ideal partner for us; thanks to its financial strength and key presence on international markets, we will be able to carry on focusing on our core business, that of Research & Development and innovation in the field of industrial digital printing. This is our passion and the reason why we set up this company.”