Flint Group Creates Digital Printing Division, Acquires Xeikon
Flint Group has acquired Xeikon, a digital solutions provider to the packaging and commercial printing markets, which will be the foundation of its newly created division, Flint Group Digital Printing Solutions.
The company says the 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.
“This acquisition represents an excellent opportunity for Flint Group, propelling the organization 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. “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.”
Headquartered in Eede, Netherlands, Xeikon designs, develops and delivers digital color presses and consumables for the global commercial, document, label and packaging market segments.
“We are very pleased to be joining Flint Group’s global organization and excited by the opportunities this acquisition presents to accelerate business growth,” says Wim Maes, CEO of Xeikon, who will become the president of Flint Group’s Digital Printing Solutions division. “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."