Bosch Packaging is now Syntegon Technology
Known as Bosch Packaging Technology until late 2019, the former Bosch division today presented itself as an independent enterprise at the company headquarters in Waiblingen, Germany under the name Syntegon Technology. Syntegon Technology’s business focus is on intelligent and sustainable technologies for the food, beverage and pharmaceutical industries.
Bosch disclosed its plans to sell the packaging machinery division to a newly incorporated entity managed by CVC Capital Partners (CVC), a leading private equity and investment advisory firm, in July 2019. The sale of Bosch Packaging Technology was completed on 2 January 2020. Bosch Packaging Technology then expanded its headquarters in Waiblingen, Germany. Business developments remained stable in the interim (sales in 2019 reached 1.3 billion euros, matching the previous year’s figure).
The new owner, CVC, aims to vigorously develop the company as a whole and expand intra-group synergies. Commenting on the closing of the sale, Marc Strobel, a partner at CVC Capital Partners said, “CVC is delighted to see the transaction completed on schedule. Syntegon Technology has a strong presence in many market segments, great technological know-how, and innovative power. We want to build on these strengths jointly with management and the entire workforce.”
“Processing and packaging technology for a better life!” — is Syntegon’s mission statement. The company is determined to improve the lives of consumers and patients with intelligent and sustainable processing and packaging solutions. A new corporate brand was developed over the past few months. The name Syntegon stands for synergy, technology, and focus on the future. The new corporate colour – green – underscores the importance of sustainability and health. The square in the newly designed logo symbolises a package as well as packaging technology’s ability to protect products.
Celebrating the independent company’s 16 January launch with management at the Waiblingen headquarters, Syntegon’s chairman of the executive board, Dr Stefan König, stated, “We are building on 150 years of experience and the 64,000 machines deployed by our customers, and pursuing new avenues of business. Now, more than ever before, we are working on intelligent and sustainable technologies and embracing the collaboration with our business partners in the true spirit of partnership.”
This newly gained independence enables Syntegon Technology to be even more flexible. And newly added departments at the headquarters such as Purchasing and IT, shorten the distances between in-house units and facilitating interaction with customers and suppliers. Whereas the company had been part of a large corporation with diverse divisions, it can now create a business framework that is an even better fit for the industry. This new setup will enable the company to enhance its profile as a leading processing and packaging company.
Syntegon Technology aims to set new priorities for services. Impelled by the spirit of partnership with its customers, the company is striving to improve its processes. One goal is to reduce response times to customer enquiries; another is to further increase the availability of service technicians. Syntegon Technology is also investing in a customer and technology center at its Waiblingen headquarters. The processing and packaging technology company collaborates with global corporations and regional market leaders and is determined to offer even more attractive services for medium-sized enterprises and startups.
Syntegon Technology has intensified its efforts to develop intelligent and sustainable technologies. The company uses connected components as well as components enhanced with artificial intelligence to this end. It puts a premium on ensuring sophisticated technologies are simple to use. The greater goal is to collect and evaluate data to avoid machine downtime, maximize product quality, and optimize overall plant efficiency.
The enterprise is pursuing two approaches to produce sustainable packaging: one is to use mono materials rather than conventional multilayer films, and the other is to use paper packaging as an alternative to plastic. Syntegon Technology supports its customers on the path to a sustainable future with material testing, machine applications, and innovative packaging designed to meet the requirements of products, transport modes, and regional circumstances. The company has also significantly reduced its machines’ energy consumption.
Syntegon Technology is a leading global process and packaging technology provider. The portfolio of intelligent and sustainable technologies includes stand-alone machines, as well as complete systems and services. In the food industry, the portfolio includes process technology for confectionery as well as packaging solutions for dry foods (e.g. bars, bakery products and coffee), frozen foods and dairy products.
Syntegon Technology will present its fresh, new brand identity to customers at the Interpack trade fair in Düsseldorf in May 2020. For more information on the new company, visit: www.syntegon.com.