Roland DG enters the digitally printed wallpaper market with acquisition of UAB Dimense print (Lithuania) shares Featured

August 01, 2023

Roland DG Corporation (Headquarters: Hamamatsu City, Shizuoka Prefecture, Japan; President, Representative Director: Kohei Tanabe), a global manufacturer and distributor of wide-format inkjet printers for advertising and signage and 3D tools for manufacturing, today announced the acquisition of shares for UAB Dimense print, a subsidiary of UAB VEIKA, a manufacturer and vendor for wallpaper-related products headquartered in Vilnius, Lithuania.

Share Acquisition Background and Objective

Roland DG has set the goal of pioneering the future through “Digital and Co-creation” in the midterm business plan (FY2021-23) which focuses on transitioning the business portfolio and examining growth opportunities through M&A to establish new core businesses. Roland DG has decided to acquire a 50.1% stake in UAB Dimense print, a subsidiary of UAB VEIKA, which excels in chemical technology and offers a unique digital printing embossing solution for wallpaper industries. The digitalization of wallpaper printing has not yet fully penetrated the market, but growing demand for personalization and upcoming market expansion present the perfect opportunity for Roland DG to make its official entry into the market. Furthermore, this embossing technology has great potential as it can bring texture and dimension to various printed applications, such as gypsum molds.

Roland DG aims to strengthen its presence in the wallpaper market through the continued development, sales, and support of DIMENSE™ and Ecodeco™, both proprietary technologies of UAB Dimense print. Leveraging UAB VEIKA’s excellent technical capabilities and combining them with Roland DG’s manufacturing expertise and global-scale sales network, Roland DG will drive the development and sales of unique and high-value-added new digital printing solutions, with the goal to further expand the market by capitalizing on these strengths.

About UAB VEIKA and UAB Dimense print

VEIKA is a family business founded in 1991 in Vilnius, Lithuania by Jakov Etin and is well known as a producer of a wide range of materials for the wallpaper industry. VEIKA has earned its reputation as a reliable and trusted supplier, with a wealth of knowledge and experience in the field of wallpaper production. After the second generation - Dr. Aleksey Etin, who joined the company in 2007, recognizing the pivotal role that continuous research and development play in the achieving lasting success - VEIKA has established an impressive range of laboratories dedicated to innovation in inks, polymers and coatings.

Since 2012, their focus has shifted to digital printing, and production began on solvent inkjet printers and PVC wallpaper. Now, with an eye on protecting the environment, the company has gone PVC free, inventing and patenting Ecodeco™, a plasticizer-free base for traditional hot embossed wallpaper production. Their digital solutions also include the DIMENSE™, a cutting-edge wide-format inkjet printer, which has gained high recognition for its unique structure printing capability, environmentally-friendly inks & substrate, and facilitation of original expressive designs in wallpaper printing. Through acquisition of UAB Dimense print shares, Roland DG will gain access to the combined ink and wallpaper related technological capabilities of the company and its parent company, UAB VEIKA.

Message from the President

Kohei Tanabe, Roland DG Corporation President and Representative Director stated: “I still vividly remember the day I first saw DIMENSE’s wallpaper solution in 2019. Today’s announcement marks a momentous fusion of our mission, “Bringing new opportunities to society through digital technology,” and our purpose, “To Empower Creativity and Excitement Worldwide,” with DIMENSE’s unique and innovative digital embossing printing solution. Throughout the negotiations, I have felt the desire to join forces with them and inspire excitement worldwide. Roland DG has consistently grown through digitalization and market creation. Now, I am honored to move forward together, fostering the market for embossing, including wallpapers, through the acquisition of UAB Dimense print shares.”

Aleksey Etin, UAB VEIKA CEO stated: “VEIKA and Roland DG have been business partners since 2015. I believe that this joint venture with Roland DG will be a great opportunity to benefit from the best that the two companies have: Roland DG’s expertise in printer development and distribution capabilities around the world and VEIKA’s know-how in inks and media development. This partnership will allow us to speed up the progress of DIMENSE™ and Ecodeco™ technologies, as well as take them to a new level. It is great honor to be trusted by such an outstanding partner like Roland DG and I am very happy that we have reached this agreement. I believe it will be highly beneficial for everyone, including our valued partners, customers and suppliers.”

Overview of the company acquiring the shares

Company Name: UAB Dimense print
Headquarters: Baltosios Vokes g.37, Vilnius, Lithuania LT-02243
Representative: Aleksey Etin
Capital: €2,000
Total assets: €6,748,812
Capital Ratio: Roland DG 50.1%, VEIKA and management team 49.9%

Business overview of UAB Dimense print

Products, Services: Research, development, manufacturing, and sales of Ecodeco™ base material, DIMENSE™ printers, inks, and substrates
Target Region Global: Both companies plan to utilize existing sales channels
Launch Date End of September

Future Plans

The current business structure will continue for the foreseeable future as both companies work on integration. No changes are planned for our valued clients and suppliers. Details on the timing and method for new product launches will be provided as they are determined.

Impact on Financial Performance

We forecast this acquisition and its related activities having minimal impact on consolidated performance for the current fiscal year.

Roland DG has a long history of combining analog and digital technologies to create new value. Now, the company strives to enter niche markets and draw out the possibilities hidden within, and by doing so, integrate imagination and creativity with cutting edge technology to deliver revolutionary solutions that meet customer needs.

Share or Email this content
Graphic Display World

Email us your news, PR, case studies to [email protected]

Latest from Graphic Display World

Sign & Digital UK 2024 Opens In... February 27, 2024 10:00 am 1
FESPA Global Expo 2024 Opens In... March 19, 2024 10:00 am 22
drupa 2024 Opens In... May 28, 2024 10:00 am 92
PRINTING United Expo 2024 Opens In... September 10, 2024 10:00 am 198
Your 300 x 300 Banner Here
The Print Show 2024 Opens In... September 17, 2024 10:00 am 204

The UK's coolest wide format printing trade press website specialising in providing punchy and concise up-to-the-minute news, views and industry opinions ...

Latest News

Sign Trade Supplies introduces new wood grain aluminium and special texture coatings

Sign Trade Supplies intro…

Feb 21, 2024 Rate: 0.00

The Big Ink Tank plans expanded offering with new VeloBlade Nexus 2516 from Soyang Hardware

The Big Ink Tank plans ex…

Feb 21, 2024 Rate: 0.00

What to see at Sign & Digital UK 2024

What to see at Sign &…

Feb 21, 2024 Rate: 0.00

Innotech Digital announces new print media collaboration on Epson SC-R5000 resin printers

Innotech Digital announce…

Feb 21, 2024 Rate: 0.00

Legacy of Firsts: Vanguard Digital’s first customer invests in first VK3220T-HS flatbed printer

Legacy of Firsts: Vanguar…

Feb 20, 2024 Rate: 0.00

Featured News

Global Printing Enterprises and Drytac serve up a sweet treat with Wonka display

Global Printing Enterpris…

Jan 30, 2024 Rate: 0.00

Epson resin printer becomes the work horse of Mercedes-AMG PETRONAS F1 print operation

Epson resin printer becom…

Dec 01, 2023 Rate: 0.00

Linney chooses state-of-the-art swissQprint Kudu flatbed printer to drive print innovations

Linney chooses state-of-t…

Nov 21, 2023 Rate: 0.00

Hollywood Monster provides graphics for City for Birmingham Festival ‘23

Hollywood Monster provide…

Aug 29, 2023 Rate: 0.00

Ostensible museum pieces

Ostensible museum pieces

Aug 29, 2023 Rate: 0.00

Features/Applications

Hollywood Monster's eco-signage gets screen debut at Nottingham cinema

Hollywood Monster's eco-s…

Feb 15, 2024 Rate: 0.00

Global Printing Enterprises and Drytac serve up a sweet treat with Wonka display

Global Printing Enterpris…

Jan 30, 2024 Rate: 0.00

Pivotal Signs & Imaging swaps freezing ice rink for sandy beach with Drytac Polar Grip

Pivotal Signs & Imagi…

Dec 14, 2023 Rate: 0.00

Carbon Graphics Group uses Drytac ViziPrint Deco + for striking window graphics project

Carbon Graphics Group use…

Dec 05, 2023 Rate: 0.00

Epson resin printer becomes the work horse of Mercedes-AMG PETRONAS F1 print operation

Epson resin printer becom…

Dec 01, 2023 Rate: 0.00

Your 1100 x 100 Banner Here

SEARCH