The Flint Group has purchased Xeikon, a leading digital solutions provider to the packaging and commercial printing markets. Headquartered in Eede in the Netherlands, with operations in Lier, Leper and Heultje (Belgium), Xeikon designs, develops and delivers high-end digital colour 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 pioneering products and services will be the foundation of a newly created division to be called Flint Group Digital Printing Solutions. This new division will further broaden the group’s conventional and digital printing solutions by offering equipment, consumables and services across all 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,” said Antoine Fady, CEO of the Flint Group. “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. 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 Fady, added: “We’re 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 is subject to customary closing conditions, including approval by competition authorities. It should be completed by the end of this year.
