Landa Digital Printing, an Israel-based developer of nanotechnology that enhances print results, has raised $300m from investors including chemicals producer Altana.
Altana invested alongside Skion, a family office that like Altana is majority owned by Susanne Klatten, an entrepreneur and the heiress to BMW’s automotive production business.
Formed as a subsidiary of nanotechnology developer Landa Group, Landa Digital Printing has created a nanographic printing process that, unlike inkjet printing, never wets the surface, instead converting an ink image into a polymeric film that is laminated on to the paper.
The funding is being added to more than $400m previously invested in the company by Altana and Landa Group founder Benny Landa.
Altana invested €100m ($135m) in Landa Digital Printing in June 2014 but Benny Landa remains the company’s majority shareholder, with a 54% stake. Altana and Skion now own the other 46% of the company, with Altana continuing to hold a 33.3% stake.
The $300m will be used to expand the company’s infrastructure and manufacturing capabilities in the wake of it beginning to ship its nanographic printing presses to customers, and to fuel research and development and market expansion.
Altana CEO Martin Babilas said: “We are excited about our partnership with Landa Digital Printing that started in 2014 when nanography was still in its early days.
“Since then we have supported Landa Digital Printing in finding new, innovative material science solutions for digital printing, and we are looking forward to doing so also in the future.”