Roland DG Acquires Shares of UAB Dimense print

Roland DG Corporation, a global manufacturer and distributor of wide-format inkjet printers for advertising and signage and 3D tools for manufacturing, 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.

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 transforming into a lean and nimble organization and transitioning the business portfolio. This includes examination of growth investments through M&A to establish new core businesses.

Roland DG has decided to acquire 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 the presence in the wallpaper market through the continued development, sales, and support of DIMENSE™ and Ecodeco™, both proprietary technologies of UAB Dimense print.

VEIKA is a family business founded in 1991 in Vilnius, Lithuania by Jakov Etin and it 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 to partners, with a wealth of knowledge and experience in the field of wallpaper production.

After the second generation – Dr. Aleksey Etin, has joined the company in 2007, while 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 and 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.

“I still vividly remember the day I first saw DIMENSE’s wallpaper solution in 2019,” said Kohei Tanabe, Roland DG Corporation president and representative director. “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.”

“VEIKA and Roland DG have been business partners since 2015,” added Aleksey Etin, UAB VEIKA CEO. “I believe that this joint adventure 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.”