A corresponding letter of intent was signed by both companies.
The planned joint venture will be based in Germany and – subject to merger control approval – will assume responsibility for the development, integration, manufacturing and worldwide distribution of water-based, single-pass digital printing presses for folding carton and corrugated board.
Ink and service business relating to the presses sold jointly through the global networks of the two parent companies will also be handled by the joint venture. Manufacturing of the VariJET press for digital folding carton printing will be commenced in time for drupa 2020.
“We are looking forward to joint innovations and further developments in future-oriented digital printing technology for folding carton and corrugated board, and not least to the added value this will offer to our customers,” Koenig & Bauer AG CEO Claus Bolza-Schünemann said. “With its wealth of existing know-how, extensive inkjet experience and high-quality solutions, Durst Phototechnik AG is the ideal partner with whom to pursue the defined objectives.”
“In the printing industry and in surface decoration, in particular, Durst printing systems are deemed to set the standards with regard to print quality and productivity,” Durst Phototechnik AG CEO Christoph Gamper said. “The partnership with Koenig & Bauer now opens up new prospects, as Koenig & Bauer commands not only engineering expertise, but also very good access to the market. By combining our know-how, we are in an ideal position to develop and offer fully automatic production lines and will thus also be able to contribute to digital transformation in the folding carton and corrugated industry.”