Goss, manroland web systems to Merge; Contiweb to Operate as Independent Company
Goss International’s printing press division and manroland web systems, both manufacturers and service providers of web offset printing systems, plan to combine. The combined company will benefit from the companies’ complementary geographic footprints, create extensive synergies, ensure long-term viability and provide value-oriented solutions, especially in the area of aftermarket services. In the future, the new entity will be a strong business partner to all international web printers.
Subject to regulatory approval, the merger is expected to be completed by the middle of 2018. The combination is not expected to impact any current business of both companies. The Contiweb business of Goss International is not included in this transaction, and is expected to separate and operate as an independent company following the merger.
"manroland is on the path for continued success,” says Alexander Wasserman, CEO of manroland. “We want to continue to develop this path by creating synergies, fostering the further development of our R&D activities and strengthening our innovation focus. Our customers will be able to choose from a wider portfolio of products and services.”
Adds Mohit Uberoi, Goss CEO: “This combination will enable us to achieve extensive synergies that will help us optimally serve our customers into the future. The combination will strive to provide a best-in-class product offering and customer service.”
As an independent company, Contiweb will continue its growth in becoming the premier ancillary supplier for commercial and digital inkjet printing applications and press supplier for label and packaging applications. In addition, Contiweb will also continue its strong focus on product lifetime support by offering its full suite of aftermarket solutions for customers
“We will continue to build upon our successful relationship with both Goss and manroland and are looking forward to continuing the cooperation as a strong partner of the combined company as we pursue other diversification opportunities,” says Bert Schoonderbeek, managing director at Contiweb. “Contiweb’s separation marks a new era for further growth of the company.”