Flint Group Acquires Xeikon
- Published: November 24, 2015
EEDE, THE NETHERLANDS | Flint Group announces the acquisition of Xeikon, a digital solutions provider to the packaging and commercial printing markets. Headquartered in Eede, with operations in Lier, Ieper, and Heultje (Belgium), Xeikon designs, develops, and delivers high-end digital color presses and consumables for the global commercial, document, label, and packaging market segments, distributing its solutions through a worldwide sales and service network.
Xeikon’s products and services will be the foundation of a newly created division to be called Flint Group Digital Printing Solutions.
“This acquisition represents an excellent opportunity for Flint Group” says Antoine Fady, CEO 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. Xeikon has 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.”
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. 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. 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.
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