Goss International and manroland web systems and have completed the transaction to combine their businesses.
The new company will operate under the brand name manroland Goss web systems, calling itself the strongest supplier to web printing companies worldwide.
Alexander Wassermann, chief executive officer of manroland web systems, will become chief executive officer of the new company with global headquarters in Augsburg, Germany. The company’s North American headquarters will be in Durham, New Hampshire. Mohit Uberoi, previous chief executive officer of Goss International, will stay connected with the business as a board member and assist the management team with business integration.
The shareholders of manroland web systems and Goss International, the Lübeck-based Possehl Group and New York-based American Industrial Partners respectively, will both remain shareholders of the new company supporting the established business-building strategy.
The Contiweb business as well as the manroland web production business are not included in the transaction and will stay independent as American Industrial Partners and Possehl portfolio companies, respectively.
Alexander Wassermann, says, “Both manroland web systems and Goss International were on a sustainable path to success. We will strengthen this path by increasing our global reach, continuing our innovative and focused research and development activities, and enhancing our market presence through targeted consolidation. Our customers will be able to choose from an even broader portfolio of products and services, supported by the industry leading e-commerce platform Market-X.”
The company will concentrate on four main business areas: system solutions (highly automated press and post-press equipment including pre-owned offerings, press relocations); engineered solutions (mechanical, automation and closed-loop solutions for all types of presses); service solutions (best-in-class service in parts, labour, tele-support and performance based service agreements); and e-commerce solutions (electronic marketplace for efficient ordering and logistics performance for all suppliers to the web offset industry).
The new company says it relies on the combined expertise of its more than 1000 employees and its suppliers. Both manroland web systems and Goss say they will leverage their structural and technological developments in recent years within new product development, aftermarket product offerings, and development of a lean business structure in line with overall market trends to build a strong business platform for the future.
With a broad range of products and services, the new company sees itself as the high-performance partner for web printers with a goal is to support the performance of customers with a best of the best approach.