Goss and Manroland Web Systems set to merge
The merger is expected to be completed by the middle of 2018.
The two web offset press manufacturers – previously arch rivals – said they are planning to combine their businesses to benefit from their complementary geographic footprints, create extensive synergies, ensure long-term viability, and provide “value-oriented solutions”, particularly in the area of aftermarket services.
Both companies have faced significant challenges due to the shrinking market for large-scale web offset and newspaper presses.
Subject to regulatory approval, the merger is expected to be completed by the middle of 2018. It will not impact any current business of both companies.
The current shareholders of Goss International and its owner American Industrial Partners, and Manroland Web Systems and its owner Possehl Group, will continue to co-own the combined company.