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The new Syntegon flags in front of the company headquarters in Waiblingen.
The new Syntegon flags in front of the company headquarters in Waiblingen.

Bosch Packaging Technology has announced its rebrand to Syntegon. Known as Bosch Packaging Technology until late 2019, the former Bosch division recently presented itself as an independent enterprise at the company headquarters in Waiblingen (Germany).

Syntegon Technology’s business focus is on intelligent and sustainable technologies for the pharmaceutical and food industries. Bosch disclosed its plans to sell the packaging machinery division to a newly incorporated entity managed by CVC Capital Partners, a private equity and investment advisory firm, in July 2019. The sale of Bosch Packaging Technology was completed on January 2, 2020, as envisioned. 

Bosch Packaging Technology then expanded its headquarters in Waiblingen, Germany, augmenting it with new departments required for the switch. Business developments remained stable in the interim, bucking the trend in the sluggish machine engineering sector. Sales in 2019 came to 1.3 billion, matching the previous year’s figure.

The new owner, CVC, aims to vigorously develop the company as a whole and expand intra-group synergies. Commenting on the closing of the sale, Marc Strobel, a partner at CVC Capital Partners said, “CVC is delighted to see the transaction completed on schedule. Syntegon Technology has a strong presence in many market segments, great technological know-how, and innovative power. We want to build on these strengths jointly with management and the entire workforce.”

The name Syntegon stands for synergy, technology, and focus on the future. The new corporate color green underscores the importance of sustainability and health. The square in the newly designed logo symbolizes a package as well as packaging technology’s ability to protect products.

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