Nagoya’s Brother Industries has agreed to buy a Cambridge-based printing firm in a £1bn deal, the Financial Times reported on 11 March.
Domino Printing Sciences plc became one of the world’s biggest makers of bar-code printers by capitalising on the UK government regulation requiring the introduction of “best before” dates and medicine tracking numbers.
However, the firm has recently faced challenges expanding in the fast-growing digital market.
While Brother has only a small share of the sector—digitally printing images on garments—it expects it to grow rapidly across the globe. Under the deal, Domino will operate as a standalone division in the combined business.