Vendor Wire |
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Xeikon in Takeover Discussions |
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Written by PrintAction Staff
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Tuesday, 15 January 2013 |
Xeikon NV, which is best known for developing web-fed toner presses for packaging, document and commercial printing applications, announced it is in discussions to be taken over by an external party. The company has not yet named the party it is engaged with, which could range from competing press manufacturers to private equity companies.
A short, publicly released company statement explains “[Xeikon] has engaged in discussions with a party, who has indicated to Xeikon that it may be interested in entering into a potential transaction regarding Xeikon, by way of making a public takeover bid for all shares in the capital of Xeikon.
The statement confirms, “Parties are currently engaged in initial discussions on a potential transaction. Further announcements will be made if and when circumstances so require."
In addition to its toner presses, which utilize LED-array-based imaging and robust proprietary front-end processing, Xeikon NV also develops CTP systems through its basysPrint and thermoFlexX brands.
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