JK Group to be Acquired by Dover, Operating as a Standalone Company Within DES
NOVEDRATE, Italy—October 22, 2015—JK Group has announced that it will be acquired by Dover Engineering Systems (DES), a business segment of Dover Corp. It will operate as a standalone operating company within DES Printing and Identification platform.
JK is a leading manufacturer and distributor of innovative inks and consumables serving the digital textile printing market. JK serves its global customers under the three independent brands of Kiian Digital, J-Teck 3, and Sawgrass Industrial. JK is a recognized leader in dye sublimation and pigment ink technologies for textile printing. JK is headquartered in Novedrate, Italy with operations in Italy, China and the United States.
Alberto De Matthaeis, managing director of JK Group, commented, “JK Group continues to maintain a well-earned reputation for customer service and technological advancement in the digital textile market, and we believe our acquisition by Dover will only strengthen our position and capabilities on a global scale. JK Group and Dover share a common goal to accelerate the growth in the textile digital printing market and bring world class digital printing ink solutions to our customers.”
Dover is a diversified global manufacturer with annual revenues in excess of $7 billion. It delivers innovative equipment and components, specialty systems and support services through four major operating segments: energy, engineered systems, fluids, and refrigeration and food equipment. Dover combines global scale with operational agility to lead the markets it serves. Recognized for an entrepreneurial approach for 60 years, the team of 26,000 employees takes an ownership mindset, collaborating with customers to redefine what’s possible. Headquartered in Downers Grove, Illinois, Dover trades on the New York Stock Exchange under “DOV.”
About JK Group
JK Group, with headquarters in Novedrate, Italy, is an innovative digital ink company serving the textile market. JK serves its global customers under the three independent brands of Kiian Digital, J-Teck, and Sawgrass Industrial. JK is a recognized leader in dye sublimation and pigment ink technologies for textile printing.
Source: JK Group.