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PSI Group: Double acquisition

NORWAY. Group acquisition of Sydetikett AB and Etikett Produsenten AS has been completed. Sydetikett is one of Sweden’s largest digital label printing facilities, while fellow Norwegian firm Etikett Produsenten is a specialised commercial printing company aimed at small and medium circulations. PSI Group said the acquisitions complement its existing commercial printing operations and will make PSI a dominant player in retail and industrial labels in Scandinavia. The cost of the combined deals was around USD 7.6 million.

PSI Group CEO JØRGEN WAALER said: »These transactions further strengthen our foothold within and commitment towards the labelling industry, and will lift our label division’s turnover to about NOK 150 million. In addition, we expect significant synergies when these four companies begin to coordinate sales/ marketing, machinery/investment and operating costs in a focused product area, PSI Label Solutions, within our Retail Solutions business area.«

 

 

Andreas Keller

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