Steakholder Foods Ltd. is set to acquire Twine Solutions Ltd., a company known for its waterless dyeing technology, in a move to enhance its digital manufacturing platform in the foodtech industry. Twine's patented technology offers significant reductions in water use and production time, and the acquisition will allow Steakholder to explore new applications within food production and processing. The deal will see Twine's shareholders holding a minority stake in Steakholder, with the potential for further increase based on reaching certain milestones, while Steakholder will take control of the company post-acquisition.

The integration of Twine's digital dyeing technology with Steakholder's existing 3D printing capabilities for alternative proteins is seen as an opportunity to lead in digital manufacturing and sustainability within multiple industries. Both companies are optimistic about the future growth potential and the ability to meet increasing demand for more efficient and environmentally friendly production methods. Pending approval from Steakholder's shareholders and customary closing conditions, the acquisition will solidify Steakholder's position as a leader in digital manufacturing solutions in the foodtech sector.