Based in a 5,000sqm facility in Bergamo, Italy, the 39-year old business manufactures digital printers and industrial textile inspection and packing machines. It posted sales of €6m (£5.3m) in 2014.

Negotiations on the acquisition began around 18 months ago with a basic agreement initially announced in December 2015. On completion of the formal agreement on Tuesday (18 October) La Meccanica Costruzione Tessili, which employs around 32 people, will now become a subsidiary of Mimaki Europe and change its name to Mimaki La Meccanica. Three Mimaki executives will become directors of the new division.

Mimaki, which manufactures wide-format inkjet printers and cutting devices for the sign and textile markets, said it would use its new offering to promote digital on-demand production in the global clothing market.

“We are pleased to bring La Meccanica’s talented people and advanced technology under the Mimaki umbrella,” said Mimaki president Kazuaki Ikeda. 

“La Meccanica has a great reputation in the textile industry, and this acquisition bolsters Mimaki’s efforts to bring the digital transformation to textile printing." 

Ikeda added that the acquisition would have no impact on Mimaki’s performance in its current fiscal term.