Newspaper CTP OEM manufacturer Xeikon is set to be acquired by Belgian private equity company Bencis after Punch International agreed the sale of its shares.
Punch, which holds a 65.68 per cent interest in Xeikon says it has reached a “conditional agreement” for the sale to Bencis at Euros 5.85 a share. Xeikon says that if the sale goes ahead, Bencis will be obliged to make an offer for the remaining Xeikon shares.
The conditions require agreement between Xeikon and Punch on ending existing ties between the two companies.
Apart from digital printing systems for label, packaging and commercial printing, Xeikon makes OEM CTP systems – notably Agfa Graphics’s newspaper systems – and through its own basysPrint and ThermoFlexX brands.