Kornit Digital Finalizes Acquisition of Remaining Kornit Assets from Hirsch Solutions to Complete Direct Selling Transition
ROSH-HA`AYIN, Israel - February 8, 2019 - Kornit Digital Ltd., a company that develops, designs and markets innovative digital printing solutions for the global printed textile industry, announced that it has closed a definitive asset purchase agreement with Hirsch Solutions Inc. to purchase remaining Kornit business assets related to the distribution agreement between the companies.
With the completion of this acquisition the companies have successfully finalized, ahead of schedule, the business and operational transition between the parties. Kornit has begun operating in a full direct-to-customer model in North America effective February 7, 2019. As part of the agreement, Kornit Digital will take ownership of relevant Kornit-related customer business assets as well as remaining inventory of systems and ink.
Ronen Samuel, Kornit’s Chief Executive Officer. commented, “All teams have worked diligently to ensure a smooth operational transition for all of our customers. We are pleased to have completed this asset acquisition, and the operational transition ahead of schedule. We look forward to executing on our growth strategy in North America.”
The preceding press release was provided by a company unaffiliated with Printing Impressions. The views expressed within do not directly reflect the thoughts or opinions of Printing Impressions.