Epson to acquire Italian Textile Printer manufacturing company Robustelli
Epson Group (“Epson”, TSE:6724) company Epson Italia S.p.A. has agreed with the Robustelli family to acquire 100% of the capital of Fratelli Robustelli S.r.l. (“Robustelli”), a leader in the textile printing industry. The agreement aims to drive synergies and further increase customer value by expanding the scope of the two companies’ longstanding collaboration in digital inkjet textile printing.
The entry of Robustelli into the Epson Group will allow it to leverage Epson’s manufacturing capability to bring the advantages of its digital inkjet textile printers to more customers around the world. The move will assist Epson in using Robustelli’s expertise to accelerate the development of digital inkjet textile printers that further enhance the companies’ abilities to meet customer needs with a wider lineup of products. As part of the enhanced acceleration, the two companies plan to focus on joint R&D efforts to achieve this goal.
The digital textile printing market worldwide is expected to grow at an annual rate of approximately 25 % (annual growth rate up to 2019 according to WTiN Intelligence). In addition to using its manufacturing network to meet this growing demand, Epson will deploy its worldwide sales and service network to provide Monna Lisa2 to more countries and regions around the world.
Sunao Murata, COO of Epson’s Professional Printing Operations Division, is scheduled to be appointed as president of Robustelli. Murata commented, “This is a very exciting development for the Epson Group. As the market for high-quality digital textile printing expands, I believe that formalizing our partnership with Robustelli in this way puts us in a great place to meet the needs of the growing numbers of customers who are seeking to leverage the advantages of advanced digital solutions that will help drive their businesses forward. We will work closely with our colleagues at Robustelli to take Monna Lisa to the next level and remain leaders in the field.”
“We are happy and proud to become members of the Epson Group,” said Valerio Robustelli, one of the proprietors of F.lli Robustelli. “Our cooperation with Epson led to the development of Monna Lisa, an industrial digital textile printer that is today a market benchmark for high-quality textile printing. The combination of our respective skills is the natural conclusion of a process of innovation to satisfy customers in Italy and the rest of the world.”
Located in Como, the heart of the Italian and European high-quality printing textile industry, Robustelli specializes in the development, manufacture, and sale of digital inkjet textile printers, notably the Monna Lisa ™ series, which it began developing with Epson in 2003. This product has established a strong brand image by providing beautiful gradations and colour reproduction, winning plaudits from customers.
Robustelli was founded in 1972, and had proceeds 2015 of EUR 12.06 million, the shareholding capital amounts to EUR 90000 and has 25 employees. The company is located in Villa Guardia, Como, Italy. Its activities entail also R&D of digital textile printing technology.