Syntegon Technology is the name of the former packaging division ‚Bosch Packaging Technology‘ from the Bosch Group. Today, the company presented itself at the company headquarters in Waiblingen.
17 August 2020
The Syntegon company headquarters in Waiblingen. (Image: Syntegon)
Syntegon Technology is the new name of the former packaging division ‚Bosch Packaging Technology‘ from the Bosch Group. Today, the company from the process and packaging industry presented itself with a new name at the company headquarters in Waiblingen.
According to the company, Syntegon Technology is focussing on intelligent and sustainable technologies for the pharmaceutical and food industries. The company intends to pay particular attention to expanding its range of services in the future. Syntegon Technology employs 6,100 employees at over 30 locations worldwide and in 2019 has a Annual turnover of 1.3 billion euros generated.
In July 2019, Bosch announced the sale of its packaging division to a newly founded company, which will be managed by the investment company CVC Capital Partners will be managed by the company. The sales process and the complete independence of the company were finalised as planned at the turn of the year.
Stable business development
As planned, the sale process for Bosch Packaging Technology was completed on 2 January 2020. In June 2018, Bosch announced its intention to sell its packaging division and found a buyer a year later in CVC Capital Partners (CVC).
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Bosch Packaging Technology then expanded its company headquarters in Waiblingen with newly required functional areas. The Business development remained stable - despite the current downturn in the mechanical engineering sector. As in the previous year, annual sales in 2019 totalled 1.3 billion euros.
The new owner, CVC, wants to vigorously develop the company as a whole and Intra-group synergies expand. To this end Marc Strobel, Partner at CVC: „CVC is delighted that the sales process has been completed on schedule. Syntegon Technology has a strong presence in numerous market segments, great technological expertise and innovative strength. We would like to build on this together with the management and all employees.“
Into the future with a new brand
Syntegon Technology's mission is process and packaging technology for a better life. The company aims to improve the lives of end 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 redesigned logo symbolises the Product protection through packaging technology.
All employees will celebrate the launch as an independent company together with the management today as part of a worldwide live broadcast from the company headquarters in Waiblingen and subsequent events at the individual locations. Syntegon Technology will also be informing its business partners about the changes today.
Dr Stefan König, Chairman of the Management Board of Syntegon Technology (Image: Syntegon)
„150 years of experience and 64,000 machines in use at our customers; we are building on this and setting new trends. More than ever before, we are working on intelligent and sustainable technologies and are committed to working in partnership with our business partners,“ emphasises Dr Stefan König, Chairman of the Management Board.
More flexibility
The new independence should enable Syntegon Technology to become even more flexible. Expanded functions at the company headquarters, such as purchasing or IT, are to be optimised both internally and in interaction with customers and suppliers. Shorter distances create. While the company was previously part of a large group with various business divisions, it can now create even more suitable framework conditions for the target industries. Overall, the new organisation will enable the company to sharpen its profile as a leading process and packaging company.
Focus on partnership-based cooperation
In the Services area Syntegon Technology wants to set new priorities. The company is working on improving its processes with the aim of working in partnership with its customers. Response times for customer enquiries are to be significantly reduced and the availability of service technicians further increased.
At the company headquarters in Waiblingen, Syntegon Technology is also investing in a Customer and technology centre. In addition to working with global corporations and regional market leaders, the expert in process and packaging technology will increasingly offer attractive services for SMEs and start-ups in the future.
Intelligent and sustainable technologies
Syntegon Technology is working flat out to develop intelligent and sustainable technologies. In doing so, the company uses networked and artificial intelligence supported elements and draws on 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. Overall, the aim is to use collected and analysed data to avoid machine downtimes, ensure full product quality and optimise production processes. Overall equipment effectiveness to optimise.
Syntegon Technology is pursuing two development approaches in the area of sustainable packaging: firstly, the Use of monomaterials instead of conventional multilayer films and on the other hand Paper packaging as an alternative to plastic.
Depending on product requirements, transport routes and regional conditions, the company supports its customers on the path 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.
Syntegon Technology is currently running a campaign to draw attention to its new brand. The next highlight will be the interpack trade fair in May 2020, where the company will present its fresh brand design in Düsseldorf.
