Manroland web systems and Goss International have agreed to combine their printing press businesses.
The combined company, which will benefit from the two companies’ complementary geographic footprints, will provide broad product range and long-term stable customer support in the web printing market.
Additionally, the combined company will create synergies while ensuring long-term viability, Manroland said.
Manroland CEO Alexander Wasserman said: “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.”
The transaction is due to receive regulatory approval and be completed by the middle of 2018.
Goss CEO Mohit Uberoi said: “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.”
The new company will continue its activities in the fields of innovative web printing systems, services, consumables and system components for the newspaper, commercial, packaging and digital printing markets.
Additionaly, the integrated firm will focus on new machinery and service business as well as business expansion with retrofits and upgrades.
The merger, however, excludes Contiweb business of Goss International.
Upon completion of the transaction, Contiweb, as an independent company, will continue to supply ancillary products for commercial and digital inkjet printing applications, and presses for label and packaging applications.
Contiweb managing director Bert Schoonderbeek said: “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.”