Koenig & Bauer AG

Koenig & Bauer and Durst Phototechnik agree a 50/50 joint venture in digital printing

Public disclosure of inside information according to article 17 MAR

Würzburg (pta023/20.12.2018/17:10) - To further advance the development of future-oriented digital printing solutions with added value for customers in the folding carton and corrugated printing markets, Koenig & Bauer AG and Durst Phototechnik AG from Brixen/Italy have agreed to pool their know-how and strengths in a 50/50 joint venture. A corresponding letter of intent has been signed by both companies. The planned joint venture is to be based in Germany and - subject to merger control approval - will assume responsibility for the development, integration, manufacturing and worldwide distribution of water-based, single-pass digital printing presses for folding carton and corrugated board. Ink and service business relating to the presses sold jointly through the global networks of the two parent companies is also to be handled by the joint venture. As a first milestone for the joint venture, manufacturing of the VariJET press for digital folding carton printing is to be commenced in time for drupa 2020.

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emitter: Koenig & Bauer AG
address: Friedrich-Koenig-Straße 4, 97080 Würzburg
country: Germany
contact person: Dr. Bernd Heusinger
phone: [phone]
e-mail: [e-mail]
website: www.koenig-bauer.com

ISIN(s): DE0007193500 (share)
stock exchanges: regulated market in Frankfurt, Munich; free market in Stuttgart, free market in Hamburg, free market in Dusseldorf, free market in Hannover; open market in Berlin, Tradegate

[ source: http://www.pressetext.com/news/20181220023 ]