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Landa Digital Printing opens next chapter in Company history
Wesel, Germany / Rehovot, Israel, June 27, 2018
- Successful completion of $300 million financing round provided by SKion, the private investment company of German entrepreneur Susanne Klatten, and ALTANA
Landa Digital Printing today announced the completion of a $300 million equity financing, led by private investment firm SKion GmbH and joined by specialty chemicals group ALTANA, an already-existing shareholder. Both SKion and ALTANA are wholly-owned by German entrepreneur Susanne Klatten.
The proceeds from the financing will be used for expansion of the company’s infrastructure and manufacturing capabilities, as well as for ongoing R&D and market development.
“My investment reflects my confidence in the technological potential of Landa Digital Printing. Together we can spark the market demand for digital printing solutions,” said Susanne Klatten. “To be part of this new chapter in the history of printing also means a significant entrepreneurial move for me.”
Benny Landa, Founder and Chairman of Landa Digital Printing, stated: “We are delighted with our longstanding relationship with ALTANA and are extremely pleased to broaden that partnership to include SKion, with whom we have a shared vision. This substantial financing is one of the foundations we are laying for accelerated growth, now that we have started shipping our Nanographic Printing Presses to customers around the world.”
ALTANA CEO Martin Babilas added: “We are excited about our partnership with Landa Digital Printing that started in 2014 when Nanography was still in its early days. Since then we have supported Landa Digital Printing in finding new, innovative material science solutions for digital printing, and we are looking forward to doing so also in the future.”
The investment is in addition to the over $400 million previously invested by Benny Landa and ALTANA in Landa Digital Printing. Benny Landa continues to be the company’s majority shareholder with 54 %. ALTANA and SKion together now own 46 % of the company with ALTANA continuing to hold a stake of 33.3 %.
ALTANA is a global leader in true specialty chemicals. The Group offers innovative, environmentally compatible solutions for coating manufacturers, paint and plastics processors, the printing and packaging industries, the cosmetics sector and the electrical and electronics industry. The product range includes additives, special coatings and adhesives, effect pigments, sealants and compounds, impregnating resins and varnishes, and testing and measuring instruments. ALTANA's four divisions, BYK, ECKART, ELANTAS, and ACTEGA, all occupy a leading position in their target markets with respect to quality, product solution expertise, innovation and service.
Headquartered in Wesel, Germany, the ALTANA Group has 52 production facilities and 60 service and research laboratories worldwide. Throughout the Group about 6,200 people work to ensure the worldwide success of ALTANA. In 2017, ALTANA achieved sales of more than €2.2 billion. About 6 percent of sales are invested in research and development every year. Its high earning power and high growth rate make ALTANA one of the most innovative, fastest growing, and profitable chemical companies in the world.
Headed by Indigo founder, Benny Landa, the Landa Group is comprised of four units: Landa Digital Printing, whose Nanographic Printing® presses bridge the industry's “Profitability Gap”, cost-effectively combining the versatility of digital with the high quality and speed of offset to transform the Commercial Printing, Packaging and Publishing markets; Landa Labs, the group’s innovation arm, which explores nanotechnology for use in solar energy, automotive coatings, hair color, cosmetics, lab-grown diamonds, 3D printing, drug delivery and other fields; Landa Ventures, which invests in early stage companies with complementary disruptive technologies; and the Landa Fund, which promotes civic equality and the narrowing of socio-economic gaps in Israeli society. Benny Landa continues to add to his portfolio of over 800 patents worldwide that provide the companies he founded with a solid intellectual property base.
SKion GmbH is the investment company of German entrepreneur Susanne Klatten. Via SKion Ms. Klatten owns 100 % of ALTANA AG (specialty chemicals). In addition, with roughly 28 % of the shares, SKion is the major shareholder of SGL Carbon SE (carbon products and materials). Furthermore, SKion owns shares in Nordex SE (wind energy), AVISTA OIL AG (used oil recycling) and Gemalto N.V. (digital security). In the water sector, SKion owns shareholdings in several companies for wastewater treatment and solutions.
Landa Press Contacts:
EMEA & APJ: Ben Dodson, Incus, Tel: +44 1737 294001
Americas: Helene Cohen Smith, HSPR, Tel: +1 321 388 6511
Israel: Rani Rogel, Allmedia-Doran PR Israel, Tel: +972 3 9235383