Brother Industries has formally completed its acquisition of Domino Printing Sciences, a U.K.-based developer of inkjet printing and laser printing products, the company announced on June 12. Brother cited the strength of Domino’s customer base and its desire to develop the scope and coverage of the digital printing sector as primary reasons for acquiring the company, which has a global reputation for the development and manufacture of high-quality coding, marking and printing equipment.
“Brother respects and values Domino’s brand equity, technologies and strategic vision for the business and the markets it serves,” says Nigel Bond, CEO of Domino Printing Sciences. “As such, the companies will be working closely together on natural growth opportunities, as well as explore collaborative possibilities to develop new products.”
Trading in the Domino shares on the London Stock Exchange’s market for listed securities and the listing of the Domino shares on the official list were each cancelled with effect from 8 a.m. on June 12. All financial results moving forward will be consolidated into Brother Industries. The Domino brand and management structure will be unaltered, and Domino Printing Sciences will operate as an autonomous division within Brother Industries.
“This is a very exciting time for Domino, and the acquisition gives the business a solid foundation for the future,” says Bond. “Domino will be able to leverage Brother’s size, manufacturing and R&D facilities, and sales networks to expand its global reach. For Brother, Domino will bring opportunities in new market sectors, as well as a strong customer base built on long term relationships. Brother and Domino share the same values, including a robust commitment to R&D and reputation for quality and service, and we look forward to the successful results this union will yield.”