Flint Group announces the acquisition of Xeikon
Flint Group has announced the acquisition of Xeikon, one of the leading digital solutions providers to the packaging and commercial printing markets.
Xeikon’s products and services will be the foundation of a newly created division to be called Flint Group Digital Printing Solutions; this new division of Flint Group will further broaden the group’s conventional and digital printing solutions, offering a unique proposition of equipment, consumables and services across its global markets.
Headquartered in Eede in the Netherlands, and with operations throughout Belgium, Xeikon, designs, develops and delivers digital colour presses and consumables for the global commercial, document, label and packaging market segments, distributing its solutions through a worldwide sales and service network.
“This acquisition represents an excellent opportunity for Flint Group, propelling the organisation further into the digital solutions market, where we will continue to deliver on our long term strategy of driving growth through product innovation, focus on developing markets and portfolio expansion,” said Antoine Fady, CEO of Flint Group. “Xeikon have a proven history of delivering exceptional value through high-quality, high-productivity, innovative and sustainable solutions for their customers, which fits seamlessly with our own long-term vision for our business.”
Wim Maes, CEO of Xeikon, who will become president of Flint Group’s Digital Printing Solutions division, reporting to Antoine Fady, added: “We are excited by the opportunities this acquisition presents to accelerate business growth. Xeikon has shown that dedication to the digital label, folding carton, commercial and document printing market segments has paid off in terms of market share, customer satisfaction and financial contribution. This next chapter in our more than 20-year existence opens many opportunities for Xeikon as a company, as well as for our customers, employees, partners and stakeholders.”
The transaction remains subject to customary closing conditions, including approval by the competition authorities, and should be completed by end of this year.