Bosch Packaging Technology is now Syntegon

The new Syntegon flags in forepart of the company headquarters in Waiblingen

Syntegon Technology is the new name amid the market leaders in the processing and packaging manufacture. Known as Bosch Packaging Engineering until tardily 2019, the former Bosch division recently presented itself every bit an independent enterprise at the company headquarters in Waiblingen, Frg. Co-ordinate to the press argument, Syntegon Technology's business focus is on intelligent and sustainable technologies for the pharmaceutical and food industries.

According to the printing statement, extending the service range is a priority for the company. Syntegon Engineering science employs 6,100 people at more than 30 locations worldwide. Information technology posted 1.iii billion euros (approximately Rs 10 thousand crore) in sales in 2019. Bosch disclosed its plans to sell the packaging machinery division to a newly incorporated entity managed by CVC Capital Partners, a leading private equity and investment advisory house, in July 2019. The transaction was completed according to program, with the company gaining total independence at the plough of the year.

Dr Stefan König, chief executive officer of Syntegon Technology

Transaction wrapped up on schedule as business concern development remains stable

The auction of Bosch Packaging Technology was completed on 2 January 2020, as envisioned. Bosch had announced in June 2022 that it intended to sell its packaging sectionalisation, finding a buyer a year later in CVC Capital letter Partners (CVC). Bosch Packaging Engineering then expanded its headquarters in Waiblingen, Germany, augmenting it with new departments required for the switch. Business concern developments remained stable in the interim, bucking the tendency in the sluggish machine engineering science sector. Sales in 2022 came to 1.3 billion euros (approximately Rs 10 thousand crore), matching the previous twelvemonth's figure.

The new owner, CVC, aims to vigorously develop the company as a whole and expand intra-group synergies, co-ordinate to the press statement. Commenting on the endmost of the sale, Marc Strobel, a partner at CVC Majuscule Partners, said, "CVC is delighted to see the transaction completed on schedule. Syntegon Technology has a potent presence in many market segments, nifty technological know-how, and innovative power. We want to build on these strengths jointly with management and the entire workforce."

Into the time to come with a new brand

"Processing and packaging applied science for a better life!" This is Syntegon's mission statement. The company is adamant to ameliorate the lives of consumers and patients with intelligent and sustainable processing and packaging solutions. A new corporate brand was developed over the by few months. The name Syntegon stands for synergy, applied science, and focus on the future. The new corporate colour light-green underscores the importance of sustainability and health. The foursquare in the newly designed logo symbolizes a package also every bit packaging applied science'south power to protect products.

The entire workforce will celebrate the independent visitor's launch with management on 16 January 2020. The anniversary at the Waiblingen headquarters, broadcasted alive around the world, will be followed by events held at the individual locations. Syntegon Engineering science had shared the news with its business organisation partners recently. Dr Stefan König, chairman of the executive board, takes this opportunity to send an emphatic message, "We are building on 150 years of experience and the 64,000 machines deployed by our customers, and pursuing new avenues of business organisation. At present, more ever before, we are working on intelligent and sustainable technologies and embracing the collaboration with our business partners in the true spirit of partnership."

Greater flexibility and focus on caring partnerships

This newly gained independence enables Syntegon Technology to be even more than flexible. Moreover, newly added departments at the headquarters, such as Purchasing and IT, shorten the distances between in-firm units and facilitating interaction with customers and suppliers. Whereas the company had been part of a big corporation with diverse divisions, it can now create a business framework that is an fifty-fifty better fit for the industry. This new setup will enable the company to enhance its profile as a leading processing and packaging company.

Syntegon Engineering aims to set up new priorities for services. Impelled by the spirit of partnership with its customers, the company is striving to improve its processes. One goal is to reduce response times to client enquiries; some other is to increase the availability of service technicians further. The press statement also adds that Syntegon Engineering is also investing in a customer and technology center at its Waiblingen headquarters. The processing and packaging technology visitor collaborates with global corporations and regional market leaders and is determined to offer even more bonny services for medium-sized enterprises and startups.

Intelligent and sustainable technologies

Syntegon Technology has intensified its efforts to develop intelligent and sustainable technologies. Drawing on a deep well of feel in developing and integrating software solutions, the visitor uses connected components as well as components enhanced with bogus intelligence to this end. It puts a premium on ensuring sophisticated technologies are unproblematic to use. The greater goal is to collect and evaluate data to avoid machine reanimation, maximize product quality, and optimize overall institute efficiency.

The enterprise is pursuing two approaches to produce sustainable packaging – 1 is to use mono materials rather than conventional multilayer films, and the other is to use newspaper packaging as an alternative to plastic. Syntegon Technology supports its customers on the path to a sustainable future with textile testing, machine applications, and innovative packaging designed to meet the requirements of products, ship modes, and regional circumstances. The visitor has also significantly reduced its machines' free energy consumption, states press release.

The numbers speak for themselves

A campaign to train the spotlight on Syntegon Technology'south new brand is underway. The visitor is letting the numbers tell the story. Featuring prominently on the website at world wide web.syntegon.com/numbers , these persuasive figures testify what Syntegon is all about. The side by side highlight on the agenda is the Düsseldorf interpack trade fair, where the company will present its fresh, new make identity to customers in May 2020.

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