Wout van der Wijk and Guy Zwart, who are both from The Netherlands, have invested in the firm; the terms of the deal including the value of the investment and the size of their shareholding were not disclosed.

"As investors, we are eager to be involved in the future growth of the company as demand increases for digital textile printing in the display, fashion, décor and industrial markets,"  said van der Wijk.

Zwart, whose wide-format knowledge includes a stint previously working at Océ, has become chief executive of the Eindhoven-based firm.

Current chief executive Peter Hollanders has assumed the role of chief technical officer to focus on product development.

"We are ready to expand with new machines for 2013 to complement the ColorBooster XL, this injection of funds and practical involvement is perfectly timed," said Hollanders.

The firm has also bolstered sales, service and support staff as it seeks to address a wider market.