Jagenberg Converting Solutions GmbH acquires majority stake in WDB Systemtechnik GmbH
Krefeld. As of August 31, 2021, Jagenberg Converting Solutions GmbH, based in Krefeld, Germany, will acquire a majority stake in WDB Systemtechnik GmbH Enger (near Bielefeld). The acquisition of the company strengthens the Industrial Solutions division of Jagenberg Group as a competent and innovative partner for turnkey solutions. The purchase agreement was signed on May 25, 2021 and has now been completed. WDB Systemtechnik GmbH has been active in machine and plant engineering since 1995 and, with its 20 specialists, manufactures machines for the paper, film and printing industries as well as for the packaging sector. This new subsidiary provides Jagenberg Group with a competent partner in the manufacture of coating and decor printing equipment. It is a further step in the growth strategy of Jagenberg Converting Solutions. In the future, customers can be offered an integrated and comprehensive portfolio of solutions. All employees of WDB Systemtechnik GmbH will be taken over and the company's existing range of services will be supplemented by additional offerings from Jagenberg Group.
About Jagenberg AG:
Jagenberg AG, part of the Kleinewefers Group headquartered in Krefeld, Germany, acts as the management holding company for 19 operating companies of Jagenberg Group, which employs around 1,300 people in Europe, China, India and the USA. In addition to Jagenberg Group's industrial holdings, Kleinewefers Group has a second business division, its Real Estate division.
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