European digital printing technology leader Xeikon is establishing an Australia/New Zealand division that will be fully operational in February.
The move follows the acquisition of Xeikon by printing and packaging giant Flint Group and a subsequent review of synergies between the companies.
“After assessing the opportunities for both companies, we have decided the time is right to establish a direct sales and service organization in Australia and New Zealand,” says Bent Serritslev, Xeikon’s managing director Asia Pacific.
“It will handle the full range of Xeikon digital presses and solutions for labels, folding cartons and commercial printing.”
At the same time, Xeikon will end its collaboration with Melbourne dealer Absolute Electronics. “Xeikon would like to thank Absolute Electronics for their great long-term service and support in the region and helping us to build such a firm foundation. We will work closely with Absolute Electronics during the transitional period to ensure our customers remain a top priority,” says Serritslev.
Xeikon, based in Eede, the Netherlands, is an innovator in digital printing technology and designs, develops and delivers web-fed digital colour presses for labels and packaging applications, document printing, as well as commercial printing.
It’s estimated Xeikon currently has around 20% global market share of the digital print equipment market, second to digital giant HP.
Flint Group, headquartered in Luxembourg, is one of the largest suppliers to the global printing and packaging industry, employing 7900 people and posting revenue of € 2.2 billion in 2015. The company develops and manufactures an extensive portfolio of printing consumables, including conventional and energy-curable inks and coatings, pressroom chemicals, printing plates and equipment, printing blankets and sleeves, and pigments and additives for use in inks and other colorant applications. Flint is Privately owned by Goldman Sachs in partnership with Koch Equity, a subsidiary of Koch Industries.