Syntegon Technology employs 6,100 people at more than 30 locations worldwide. In 2019, the company posted EUR 1.3 bn in sales, which were slightly increasing. 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 on 2 January 2020. “The new owner aims to vigorously develop the company as a whole and expand intra-group synergies,” said Dr Stefan König.
The name Syntegon shall stand for synergy, technology, and focus on the future. The new corporate colour 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.