NarrowWebTech

Bobst Group – Majority stake in Nuova Gidue

SWITZERLAND • Bobst Group signed an agreement to acquire 65% of Nuova Gidue with the option to purchase the remaining shares. The owner of the Italian manufacturer of narrow and mid-web printing presses will remain in the company as CEO and shareholder. Both parties have agreed not to disclose any information concerning the conditions of the transaction.

Bobst Group is a  supplier of equipment and services for printing, cutting, folding, and gluing, as well as other processes, linked to the manufacturing of packaging. In 2014, the Group employed more than 4 800 people and recorded a turnover of CHF 1.3 billion (EUR 1.25 bilion). Nuova Gidue Srl is a supplier of narrow and mid-web printing presses, linked to the manufacturing of packaging. In 2014, the company employed 60 people and recorded a turnover of EUR 31 million.

Andreas Keller

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