Product category:
Coding and Marking Systems
News Release from: Domino Printing Sciences plc
Edited by the Printingtalk Editorial
Team on 18 February 2004
German Ink Jet Leader Experiences Domino
Effect.
Domino Printing Sciences plc has acquired 100% of the Wiedenbach group, one of the world's leading suppliers of sector-specific continuous ink jet printers and special applications solutions.
Domino Printing Sciences plc has acquired 100% of the Wiedenbach group, one of the world's leading suppliers of sector-specific continuous ink jet printers and special applications solutions One of the world's leaders in complete coding and printing systems, Domino claimed the acquisition substantially strengthens and complements its existing product range
This article was originally published on Printingtalk on 26 Feb 2003 at 8.00am (UK)
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Established in 1983 and located near Radolfzell in southern Germany, Wiedenbach develops and manufactures a range of continuous ink jet printers and, together with inks and accessories, sells these through its direct sales channels in Germany, the UK, the USA and Switzerland and through a network of distributors in over 30 countries.
It employs 88 people and generated revenues of 12.7m Euros in 2003.
Wiedenbach, which will continue to sell its existing product range through its own sales channels under its own brand, will also support Domino products.
It will provide Domino with specialist knowledge and technical know-how which will allow Domino to better serve markets such as cable and wire, extrusion and automotive.
Wiedenbach also has a range of specialist products, including specially developed machines for the world's leading supplier of wire processing machines.
Domino said the deal would also help future joint product development.
Hans-Rudiger Prohl, Wiedenbach's founder, will continue to be active within the business.
He said: "I am extremely excited about all the new opportunities Domino will bring to Wiedenbach.
The strength of Domino's international operations and its wide product range will allow Wiedenbach to better serve its customers and will provide employees with improved growth prospects." Commenting on the acquisition Nigel Bond, Domino Group, managing director, said: "Wiedenbach has developed an enviable reputation in the market for providing customers with reliable products and highly engineered systems for complex applications.
Wiedenbach closely complements our existing businesses and supports our strategy of providing our customers with sector specific expertise and value added services.".
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