Flint Group acquires Xeikon and creates new digital printing solutions division
LUXEMBOURG • Flint Group has today announced the acquisition of Xeikon. The company has entered into an agreement to purchase XBC B.V., a company that holds more than 95% of the shares in Xeikon N.V.
Furthermore, Xeikon’s products and services will be the foundation of a newly created division to be called “Flint Group Digital Printing Solutions”.
According to Flint Group, this new division will further broaden the group’s conventional and digital printing solutions, offering a proposition of equipment, consumables and services across its global markets.
“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,” says Antoine Fady, CEO Flint Group.
Mr. Fady continues. “I am also delighted to welcome the customers and employees of Xeikon to Flint Group and look forward to supporting them and building on their continued success.”
Wim Maes, CEO of Xeikon, who will become President of Flint Group’s Digital Printing Solutions division, reporting to Antoine Fady, says, “We are very pleased to be joining Flint Group’s global organization and excited by the opportunities this acquisition presents to accelerate business growth. 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 2015.