Bosch Packaging Technology changes name to Syntegon

Syntegon Technology is the new name for Bosch Packaging Technology, and is now an independent enterprise.

Syntegon Technology’s business focus is on intelligent and sustainable technologies
for the pharmaceutical and food industries. Extending the service range is a priority
for the company. Syntegon Technology employs 6,100 people at more than 30 locations worldwide. It posted $2.1 billion in sales in 2019. Bosch disclosed its plans to sell the packaging machinery division to a newly incorporated entity managed by CVC Capital Partners, a leading private equity and investment advisory firm, in July 2019. The transaction was completed according to plan, with the company gaining full independence at the turn of the year.

The sale of Bosch Packaging Technology was completed on January 2, 2020, as envisioned. Bosch had announced in June 2018 that it intended to sell its packaging division, finding a buyer a year later in CVC Capital Partners (CVC). 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 $2.1 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.”

Into the future with a new brand
“Processing and packaging technology for a better life!” This is Syntegon’s mission statement. The company is determined to improve the lives of consumers and patients with intelligent and sustainable processing and packaging solutions. A new corporate brand was developed over the past few months. The name Syntegon stands for synergy, technology, and focus on the future.

Greater flexibility and focus on caring partnerships
This independence enables Syntegon Technology to be more flexible. And newly added departments at the headquarters such as Purchasing and IT shorten the distances between in-house units and facilitating interaction with customers and suppliers. Whereas the company had been part of a large corporation with diverse divisions, it can now create a business framework that is an even better fit for the industry. This new setup will enable the company to enhance its profile as a leading processing and packaging company.

Syntegon Technology is also investing in a customer and technology center at its Waiblingen headquarters. The processing and packaging technology company collaborates with global corporations and regional market leaders, and is determined to offer even more attractive services for medium-sized enterprises and startups.

Intelligent and sustainable technologies
Syntegon Technology has intensified its efforts to develop intelligent and sustainable technologies. Drawing on a deep well of experience in developing and integrating software solutions, the company uses connected components as well as components enhanced with artificial intelligence to this end. It puts a premium on ensuring sophisticated technologies are simple to use. The greater goal is to collect and evaluate data to avoid machine downtime, maximize product quality, and optimize overall plant efficiency.

The enterprise is pursuing two approaches to produce sustainable packaging – one is to use mono materials rather than conventional multilayer films, and the other is to use paper packaging as an alternative to plastic. Syntegon Technology supports its customers on the path to a sustainable future with material testing, machine applications, and innovative packaging designed to meet the requirements of products, transport modes, and regional circumstances. The company has also reduced its machines’ energy consumption.

New head of Bosch Packaging Technology’s food unit announced

Clemens Berger is the newly appointed head of the Bosch Packaging Technology’s business unit food, based in Waiblingen, Germany.

The Bosch Packaging Technology division, which employs 6,300 associates, is a supplier of process and packaging technology.

With more than 30 locations in more than 15 countries worldwide, a qualified workforce develops and produces complete solutions for the pharmaceuticals, food, and confectionery industries.

Berger succeeds Dr Stefan König, who was responsible for the tasks alongside his role as president of Robert Bosch Packaging Technology.

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König said the team is delighted to have brought on board an industry expert like Berger to further strengthen the company’s market position in the food industry.

Berger brings with him extensive experience as a CEO of Medipak Systems in Hamburg, Germany, prior to working for Bosch.

Prior to that, he held various management positions at Krones AG in Neutraubling, Germany, a manufacturer of packaging technology for liquid food and beverages.

Berger said he is looking forward to working with a dedicated team.

“The excellent product portfolio is a great basis for successfully developing the business unit further,” said Berger.

Bosch Packaging Technology’s business unit food has more than 3,000 employees worldwide and generates an annual turnover of more than 600 million euros.

The business unit is a leading global supplier of machines, systems and solutions for horizontal and vertical primary and secondary packaging technology, filling and closing machines for liquid food, as well as process technology for confectionery production.

It is headquartered in Beringen, Switzerland.

The Bosch Group employs about 402,000 associates worldwide.

Its operations are divided into four business sectors – mobility solutions, industrial technology, consumer goods, and energy and building technology.

As a leading IoT company, Bosch offers innovative solutions for smart homes, smart cities, connected mobility, and connected manufacturing.

It uses its expertise in sensor technology, software, and services, as well as its own IoT cloud, to offer its customers connected, cross-domain solutions from a single source.