Landa Digital Printing has completed its US$300m ($442m) equity financing deal.
German entrepreneur Susanne Klatten owns the two other companies involved in the arrangement: private investment firm Skion and specialty chemicals group Altana.
Klatten says, “My investment reflects my confidence in the technological potential of Landa Digital Printing. Together we can spark the market demand for digital printing solutions. To be part of this new chapter in the history of printing also means a significant entrepreneurial move for me.”
The investment follows the over US$400m previously invested by Benny Landa and Altana in Landa Digital Printing. Benny Landa, founder and chairman of Landa Digital Printing, says, “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.”
Landa will use the proceeds from the financing for expansion of its infrastructure and manufacturing capabilities and for ongoing research and development and market development.
Martin Babilas, chief executive at Altana, adds, “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.”
Benny Landa holds the company’s majority stake with 54 per cent shareholding. Altana and Skion together own 46 per cent of the company.