According to Bloomberg, Heidelberger Druckmaschinen, the world’s largest press manufacturer, may be in talks with manroland AG to merge the two companies.
The story stems from a report from the July 27th edition of Der Platow Brief, a Frankfurt-based financial newsletter. According to the newsletter, Allianz SE, which has a controlling interest in manroland and a 12 percent stake in Heidelberg, is pressuring the two companies to merge to protect its investments.
The Platow Brief does not cite any sources and neither company would comment on the rumour.
manroland AG was formed in 1979, but has roots in webfed technology going back to 1845. Heidelberg was founded in 1850 and controls 40 percent of the sheetfed offset press marketplace today.
Read the full Bloomberg story