Heidelberger Druckmaschinen AG (Heidelberg) has taken over Netherlands-based European Printing Systems Group (PSG) as part of a plan to expand in services and consumables, the German print group announced on 3 March.
With about 400 employees, PSG generates about half its sales from services and consumables, which are mainly Heidelberg products.
Heidelberg has a strategic aim of diversifying from manufacturing.
“Having eliminated unprofitable portfolio items, we’re now starting to actively expand our portfolio in order to return the company to growth,” said Heidelberg CEO Gerold Linzbach.
Acquiring PSG is expected to bring additional sales of about EUR130m to the group.
In the medium term, Heidelberg aims to increase the contribution of services and consumables to its sales from 40% now to more than 50%.