EFI Makes Strategic Investment in Kornit Digital
Companies join forces to accelerate the printed textile industry from analog to digital technologies
EFI and Kornit Digital have announced a joint partnership to address the growing demands of the printed textile industry. As part of the agreement, EFI has made a strategic investment of $3.5 million in Kornit, which develops and sells high-end industrial digital inkjet printers and inks for the textile industry, primarily for the finished garment and apparel-printing markets.
"This alliance aims to further Kornit’s growth and accelerate the printed textile industry’s transformation from analog to digital technologies,' says Guy Gecht, EFI CEO.
Digital inkjet printing of finished garments, EFI reports, fulfills the growing need for efficient printing of custom, low-volume, fast-turnaround orders, and is an economical alternative to traditional analog screen printing.
"We’ve been seeking a partner that is a proven technology leader with a global reputation," said Ofer Ben-Zur, CEO of Kornit Digital. "With EFI’s support and strategic investment, we’ll be able to extend our lead as the only digital industrial solution within the direct to garment market. EFI can offer us many sales and marketing opportunities by exposing us to their large customer base."
Kornit, founded in 2002, has more than 100 customers, mostly in North America.