Bosch Packaging Technology becomes Syntegon Technology

Into the future with our own brand and new mission: process and packaging technology for a better life

18-Feb-2020 - Germany

Syntegon Technology is the new name among the market leaders in the process and packaging industry. Still known as Bosch Packaging Technology until the end of 2019, the former packaging division of the Bosch Group now presents itself as an independent company with a new name at the company headquarters in Waiblingen. Syntegon Technology focuses on intelligent and sustainable technologies for the pharmaceutical and food industries. In the future, the company intends to pay particular attention to expanding its service offering. Syntegon Technology employs 6,100 people at over 30 locations worldwide and has annual sales of 1.3 billion euros in 2019. In July 2019, Bosch announced that it was selling its packaging division to a newly founded company managed by the investment company CVC Capital Partners. The sales process and the complete independence of the company were completed as planned at the turn of the year.

Punctual completion of the sales process and stable business development

As planned, the sale process of Bosch Packaging Technology was completed on January 2, 2020. In June 2018, Bosch had announced that it would sell its packaging division and one year later found a buyer in CVC Capital Partners (CVC). Bosch Packaging Technology then expanded its company headquarters in Waiblingen with newly required functional areas. Meanwhile, business development remained stable - despite the current slowdown in the mechanical engineering sector. The annual turnover in 2019 was 1.3 billion euros, as in the previous year.

The new owner, CVC, wants to vigorously develop the company as a whole and expand intra-group synergies. Marc Strobel, Partner at CVC, commented: "CVC is pleased that the sale process has been completed on schedule. Syntegon Technology has a strong presence in numerous market segments, great technological know-how and innovative power. We would like to build on this together with the management and all employees".

Into the future with a new brand

Process and packaging technology for a better life is the mission of Syntegon Technology. The company aims to improve the lives of consumers and patients with intelligent and sustainable process and packaging solutions. A new corporate brand has been developed over the past few months. The name Syntegon stands for synergy, technology and future orientation. The new corporate colour green emphasises the importance of sustainability and health. The square in the newly designed logo symbolises product protection through packaging technology.

On January 16, 2020, all employees will celebrate the start as an independent company together with the management in a worldwide live broadcast from the Waiblingen headquarters and subsequent events at the individual locations. Syntegon Technology will also inform its business partners about the innovations today. Dr. Stefan König, Chairman of the Management Board, emphasizes: "150 years of experience and 64,000 machines in use by our customers; we are building on this and setting new trends. More than ever before, we are working on intelligent and sustainable technologies and live a partnership-based cooperation with our business partners.

New flexibility and focus on partnership cooperation

The new independence enables Syntegon Technology to become even more flexible. Extended functions in the company headquarters, such as purchasing or IT, create shorter distances both internally and in interaction with customers and suppliers. Whereas the company was previously part of a large corporation with various business divisions, it can now create even more suitable conditions for the target industries. All in all, the new positioning enables the company to sharpen its profile as a leading process and packaging company.

Syntegon Technology will set new priorities in the Services division. The company works to improve its processes in a spirit of partnership with its customers. Response times to customer inquiries are to be significantly reduced and the availability of service technicians further increased. Syntegon Technology is also investing in a customer and technology centre at its headquarters in Waiblingen. In addition to working with global corporations and regional market leaders, the expert for process and packaging technology will in future increasingly make attractive offers for medium-sized companies and start-ups.

Intelligent and sustainable technologies

Syntegon Technology develops intelligent and sustainable technologies with high pressure. In doing so, the company uses networked elements as well as elements supported by artificial intelligence and draws on its sound experience in the development and integration of software solutions. A particular focus is on ensuring that sophisticated technologies are simple and easy to use. The overall aim is to use collected and evaluated data to avoid machine downtimes, ensure full product quality and optimize overall plant efficiency.

In the field of sustainable packaging, Syntegon Technology is pursuing two development approaches: firstly, the use of mono-materials instead of conventional multilayer films and secondly, paper packaging as an alternative to plastic. Depending on product requirements, transport routes and regional conditions, the company supports its customers on the way to a sustainable future with material tests, machine applications and innovative packaging designs. Syntegon Technology has also significantly reduced the energy consumption of its machines.

The figures speak for themselves

Syntegon Technology is currently drawing attention to its new brand in a campaign. The company has figures to back this up. On the website www.syntegon.com/numbers convincing figures show what is behind Syntegon. The next highlight is the interpack industry trade fair in May 2020, where the company will present itself in a fresh brand design in Düsseldorf.

Note: This article has been translated using a computer system without human intervention. LUMITOS offers these automatic translations to present a wider range of current news. Since this article has been translated with automatic translation, it is possible that it contains errors in vocabulary, syntax or grammar. The original article in German can be found here.

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