NETSTAL Maschinen AG has been officially acquired by Krones AG, marking the completion of the sale process that began with the signing of the purchase agreement on February 6, 2024. As of March 28, 2024, NETSTAL, along with all its employees, sales, and service units, is now part of Krones AG.
The acquisition includes NETSTAL Maschinen AG, headquartered in Näfels, and its subsidiary, Netstal Deutschland GmbH, located in Stuttgart, along with eleven other sales and service units across the US, South America, Europe, and Asia. Over 500 NETSTAL employees have transitioned to Krones as part of this acquisition.
Despite the change in ownership, NETSTAL will continue to operate its business independently under the new ownership of Krones AG.
Renzo Davatz, CEO of NETSTAL, expressed his thoughts on the signing, stating, “This transaction is a milestone in the long history of Netstal. Krones opens up strategic perspectives that were previously not possible. The potential for more customer benefits and growth in the beverage sector is obvious. The opportunities in the medical and thin-wall packaging applications are equally exciting. It is a pleasure for me to continue the strategic direction we have taken together with Krones to an even greater extent.”
This acquisition signifies a significant development in the packaging industry, with Krones AG expanding its portfolio and market presence through this acquisition.