Precision mechanical engineering company Heidelberger Druckmaschinen has agreed to acquire Germany-based MBO Group for an undisclosed sum.
Based in Oppenweiler, MBO Group is engaged in the development, manufacturing and marketing of advanced finishing equipment for digital and offset printing, as well as mailing, pharmaceutical and special applications.
As part of the deal, Heidelberger will acquire MBO’s sites in Oppenweiler and Bielefeld of Germany, and also the production site in Perifita of Portugal. The facilities employ around 450 people.
MBO Group has global network of professional sales and service partners, in addition to its own sales companies in the US, France and China.
The company has customers in the pharmaceutical industry and major marketing companies, as well as printing, packaging, and labeling sectors.
MBO Group CEO Thomas Heininger said: “This transaction is a major strategic move for MBO Group to continue driving the process of digitalisation and to further develop our digital print finishing product range.”
The acquired business will allow Heidelberger to expand its presence in the market of postpress operations for digitally printed products.
The combined firm will focus on expanding operations in international markets, in addition to enhancing presence in growth sectors such as pharma, digital and packaging.
MBO’ product portfolio is comprised of folding machines, and a range of digital systems for creative and flexible web finishing solutions.
The company is a folding specialist with a range of machines and services, and its folding machines offer speeds up to 275m per minute and working widths between 35mm and 165mm.
Its unwinder and rewinder systems, cross and length cutting solutions, selective folding and delivery systems can be incorporated either inline or offline in any existing production line.
Heidelberger CEO Rainer Hundsdörfer said: By acquiring MBO’s digital portfolio, we are closing a gap for our customers and helping them achieve a smooth industrial process in the digital future.
“We also expect to see synergies in our own value added chain, which will bring about tangible benefits for customers, too.”