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manroland to Purchase WIFAG

March 2, 2010  By

German press manufacturer manroland AG is currently negotiating to purchase WIFAG AG, a Germany-based technology and services company that specializes in the newspaper printing market.

manroland, which also holds a strong, global market-share position in the newspaper market, has signed a letter of intent for the purchase. Negotiations are expectd to be finalized this spring.

“Our industry is marked by an ongoing and necessary consolidation. The current situation allows us to actively grasp the opportunities in the market to strengthen our business,” says Gerd Finkbeiner, CEO of manroland.

Last fall, WIFAG AG announced the reduction of 300 jobs and the search for a strategic business partner.

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