Altana acquires stake in Velox industrial digital printing company
The German specialty chemicals group Altana has acquired a stake in the Israeli industrial digital printing company Velox, thereby expanding its technology and investment portfolio in this area.
The parties have agreed not to disclose the amount of the investment. Velox has developed a groundbreaking digital technology that can be used to print packaging such as tubes and cans made of a wide variety of materials using the “Direct to Shape” process at high speed and with excellent quality, from individual to industrial series production. The first digital printing solution has already been delivered to a global manufacturer of plastic packaging, and further large-volume orders have been received from strategic customers in Europe and the USA.
Strategic investments in technology-driven companies
With its innovative digital printing technology, Velox has numerous links to the Altana Group's activities in the fields of printing and packaging. The investment is part of the corporate venturing activities of the global specialty chemicals group. The aim of these activities is to invest in technology-driven companies with high growth potential and transformative business models, thus making a long-term contribution to sustainable profitable growth.
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