Breaking News

Bencis completes acquisition of Xeikon

September 23, 2013

The Gimv-XL fund invested alongside Bencis as minority shareholder.

Xeikon has confirmed that Bencis Capital Partners ("Bencis") completed its purchase of Punch International ("Punch") controlling interest in Xeikon, making Bencis the largest shareholder of the company. The Gimv-XL fund invested alongside Bencis as minority shareholder.

"With the transaction completed, Xeikon has the capital, the leadership, the products and the customer support in place to expand on innovation and strengthen its role as leading provider of digital printing solutions to customers around the globe," the company says.

Bencis is an independent private equity firm that invests in medium-sized companies in the Benelux countries. Gimv-XL, managed by Gimv, is the largest investment fund for midcap companies in Flanders. The new shareholders said of the transaction: "Both Bencis and Gimv-XL invest in solid companies that are led by strong management teams, have leading positions in their respective markets and are well positioned for further expansion. Xeikon met all of those requirements. Their leadership role in the digital printing marketplace, combined with technologically advanced solutions and a strong emphasis on R&D and customer service make them an ideal investment for us. We believe there is a bright future for this innovative company, and we are pleased that Bencis and Gimv-XL are a part of it."

According to the company, Bencis' and Gimv-XL's strategy to invest in growth will enable Xeikon to enforce its mission of developing and distributing innovative digital printing technology that supports the needs of their customers. To assure growth and innovation, Wim Maes will again assume the role as CEO of Xeikon with immediate effect. Maes joined Xeikon as CEO in October 2009, establishing a clear strategic focus and strong financial foundation. At the end of 2012, Maes left that role but remained an active advisor within the Xeikon organization.

Maes comments, "I'm pleased to once again lead Xeikon and increase the level of innovation we started a few years ago. Xeikon became a leader in digital dry toner-based label and package production; built on the Xeikon 8000 Series to successfully launch the innovative Trillium technology and extended the product portfolio with prepress offerings including basysPrint CtP and ThermoFlexX platemaking solutions. With the acquisition in place, Xeikon is in perfect shape to grow and offer solutions that meet our customers needs - today and in the future."

Maes replaces Frank Deschuytere, who recently served as CEO. With the take-over in place, Deschuytere will pursue other activities and Xeikon thanks him for his contribution to the company.
blog comments powered by Disqus
  • New press debuts at Gallus Innovation Days

    New press debuts at Gallus Innovation Days

    Greg Hrinya, Associate Editor||September 26, 2016
    The Gallus Labelmaster capitalizes on expertise from parent company Heidelberg, building on the Speedmaster offset platform.

  • EskoWorld 2016 provides drupa report

    Greg Hrinya, Associate Editor||September 22, 2016
    “Digital was a very clear and striving theme across drupa, and more specifically inkjet,” said Jan de Roeck

  • Dollars and sense at Labelexpo

    Dollars and sense at Labelexpo

    Steve Katz, Editor||September 20, 2016
    Suppliers seem aware of the crowded digital press marketplace and the trepidation of the cost-concious first time buyer.

  • Getting Educated at Labelexpo

    Getting Educated at Labelexpo

    Steve Katz, Editor||September 7, 2016
    With a wide range of presentations, expert-led master classes and machinery demonstrations, there is no shortage of learning

  • Drupa 2016 a ‘resounding success’

    Drupa 2016 a ‘resounding success’

    Steve Katz, Editor||July 15, 2016
    The label industry was well-represented as visitors showed strong interest in the latest printing technologies.

  • Promotional Labels

    Promotional Labels

    Greg Hrinya, Associate Editor||July 15, 2016
    This ‘louder’ label announces new products, pricing, discounts, giveaways and more.