Agfa Specialty Products and MGI Digital Technology have announced the formal creation of a strategic development agreement aimed at the Printed Electronics industry. The objective is to combine both Agfa's unique and complementary chemical know-how and MGI Digital Technology's industrial know-how to develop and launch the world's first industrial inkjet solution for the Printed Electronics market. With this alliance, the companies respond to the growing global industrial demand for printed electronic components.
The market opportunities are considerable with many growth areas and applications that have already been identified, ranging from the internet of things (IoT) to energy harvesting, security and biomedical industries.
For the first time, two international industrial groups will combine their strengths focusing on a Printed Electronics market segment that is currently served by start-ups of which the products are still in the developmental stage.
As part of this partnership, MGI Digital Technology and its subsidiary CERADROP bring their industry expertise and innovative strength in inkjet equipment technology, while Agfa Specialty Products will bring their globally proven experience in the field of conductive inks.
These complementarities cover the entire value chain - from equipment, inks, processes to global support - and will be a key asset for the development of these new solutions.
This fully integrated approach will also generate important competitive advantages. MGI Digital Technology's industrial and commercial experience, combined with Agfa Specialty Products' chemical expertise and ink know-how,will cover all industrial requirements concerning pricing and returns on investments that are key to making any innovation successful.
Finally, by building this exclusive agreement on strong respective commitments, Agfa Specialty Products and MGI Digital Technology aim to make a big step forwards in the development of a truly innovative industrial inkjet solution for Printed Electronics.
The Agfa-Gevaert Group develops, manufactures and distributes an extensive range of analogue and digital imaging systems and IT solutions, mainly for the printing industry and the healthcare sector, as well as for specific industrial applications.The Agfa-Gevaert Group's headquarters and parent company are located in Mortsel, Belgium. The Group's operational activities are divided in three independent business groups, Agfa Graphics, Agfa HealthCare and Agfa Specialty Products. All business groups have strong market positions, well-defined strategies and full responsibilities, authority and accountability. The Agfa-Gevaert Group has production facilities around the world, with the largest production and research centers in Belgium, the United States, Canada, Germany, France, China and Brazil. The company is commercially active worldwide through wholly owned sales organizations in more than 40 countries. In countries where the company does not have its own sales organization, the market is served by a network of agents and representatives. In 2014, the Agfa-Gevaert Group achieved a turnover of 2,620 million Euro. For more information visit www.agfa.com .
About MGI Digital Technology
MGI Digital Technology is a French company founded in 1982. It designs, manufactures and markets in France and abroad a comprehensive and innovative range of multi-platform digital presses (paper and plastic) and a line of finishing products dedicated to Paper & Plastic. MGI Digital Technology generates more than 70% of its turnover abroad and has an annual double-digit growth. MGI Digital Technology has established itself as a key player through a portfolio of thousands of customers in very diverse sectors: professional graphics industries, large companies and government agencies, plastic card manufacturers, packaging companies, photo labs, etc... Since 2013, the Group has also taken a position on the promising market of Printed Electronics and smart 3D printing with the acquisition of CERADROP. MGI Digital Technology is listed on Alternext since 2006. Based on a historically recognized technological expertise, MGI Digital Technology benefits from the OSEO label "Excellence". For more information, please visit http://www.mgi-fr.com Like MGI on Facebook and follow MGI on Twitter @MGI_HQ to stay up to date on the latest MGI news & innovations.
For more information contact
Marketing Manager Printed Electronics
T +32 3 444 2977