Through a 50/50 joint venture, the two companies are to pool their know-how and strengths with a focus on the folding carton and corrugated printing markets.
A letter of intent has been signed by both companies with the planned joint venture to be based in Germany and – subject to merger control approval – will assume responsibility for the development, integration, manufacturing and worldwide distribution of water-based, single-pass digital printing presses for folding carton and corrugated board.
Ink and service businesses relating to the presses sold jointly through the global networks of the two parent companies is also to be handled by the joint venture.
As a first milestone for the joint venture, manufacturing of the VariJET press for digital folding carton printing is to be commenced in time for Drupa 2020.
Koenig & Bauer CEO Claus Bolza-Schünemann: ‘We are looking forward to joint innovations and further developments in future-oriented digital printing technology for folding carton and corrugated board, and not least to the added value this will offer to our customers. With its wealth of existing know-how, extensive inkjet experience and high-quality solutions, Durst is the ideal partner with whom to pursue the defined objectives. As digital printing pioneers, the company has been developing inkjet applications for 25 years and is very successful in digital printing on ceramics, textiles and corrugated board.’
Christoph Gamper, Durst CEO, continued: ‘We are a technology leader in the field of inkjet printing and has already contributed to the digital transformation of production processes in various branches. In the printing industry and in surface decoration, in particular, Durst printing systems are deemed to set the standards with regard to print quality and productivity.
‘The partnership with Koenig & Bauer now opens up new prospects, as Koenig & Bauer commands not only engineering expertise, but also very good access to the market. By combining our know-how, we are in an ideal position to develop and offer fully automatic production lines and will thus also be able to contribute to digital transformation in the folding carton and corrugated industry.’