MGI Buys German Industrial Manufacturer
MGI Digital Graphic Technology, a French manufacturer of digital printing and finishing solutions, has acquired majority ownership in German industrial manufacturer KÖRA-PACKMAT GmbH, which specializes in developing offset sub-systems. Its four business units cover feeding systems, paper transport systems, film wrapping machines and ultrasonic sealing systems.
MGI and KÖRA-PACKMAT have had a strategic industrial collaboration since 2005. As a result of this acquisition, the two will now form the MGI Group.
"With the evolution of our inkjet printing systems, it was important to fuse our industrial and economic synergies to better develop and manufacture future MGI print technologies," explains Edmond Abergel, MGI Group Chairman. "The French innovation and creativity merged with German quality and reliability makes this project an ambitious and pertinent challenge.”
The MGI Group will present a range of digital technologies at drupa, including new breakthrough technologies resulting from this acquisition.