Both these individual transactions were signed towards the end of 2011 under conditions that all the involved parties agreed to keep confidential.

Xeikon outlines that the acquisitions are in line with its segment strategy to introduce a new product line for its CtP business and to be a leading digital solutions provider in the flexographic market place. Xeikon will be expanding its sales, marketing and service teams worldwide to further these objectives.

Martin Rasenberger, CEO of Flexolaser says, “Xeikon has all the trump cards to continue the success of Flexolaser: knowledge of the labels and packaging markets, strong R&D, lean and experienced CtP manufacturing  facilities in Ieper, and, most of all, a clear dedication to grow.”

Also commenting, Wim Maes, CEO of Xeikon says, “Xeikon’s strategy is to build a strong position in the label and packaging markets by offering printing solutions and the related supplies.

“We have been manufacturing industry-leading digital label presses and CtP solutions for more than 15 years. With flexo CtP we will be able to further expand our customer base and offer them solutions for both digital and flexo printing.”

Comment below to have your say on this story.

If you have a news story or tip-off, get in touch at editorial@sprinter.com.au.  

Sign up to the Sprinter newsletter