Körber divests Paper Systems to Investment Group
The three companies, which work closely together as a group, have production facilities at two German locations (Hamburg and Nürtingen) as well as at a site in the U.S. (Sheboygan, Wisconsin) and currently have approximately 450 employees.
The companies serve customers around the world in the paper industry and the paper converting industry, and enjoy leading global market positions in a number of market segments, such as for sheeting and packaging machines for cut-size paper/copy paper, as well as for passport machines. All companies operate profitably. The investors are planning to continue developing the companies together with their existing management teams. In this conjunction they are aiming to realize growth opportunities in emerging markets, as well as to open up new fields of business with innovations.
Over the past ten years, the investment group, which is being advised by Orlando Management AG, has been one of the leading investment companies in medium-sized enterprises within the German-speaking region. The investment group holds corporate stakes for medium to long-term periods, and their total sales amount to approximately EUR 1.2 billion.
The Körber Group signaled its intention to divest the Paper Systems companies last year within the framework of its strategic realignment. The Körber PaperLink division is set to remain part of the Körber Group with its other activities, and will continue to be expanded.