Bosch Packaging Technology is now Syntegon

Syntegon Technology is the new name among the market leaders in the processing and packaging industry. Known as Bosch Packaging Technology until late 2019, the former Bosch division recently presented itself as an independent enterprise at the company headquarters in Waiblingen, Germany. According to the press statement, Syntegon Technology’s business focus is on intelligent and sustainable technologies for the pharmaceutical and food industries. According to the press statement, extending the service range is a priority for the company. Syntegon Technology employs 6,100 people at more than 30 locations worldwide. It posted 1.3 billion euros (approximately Rs 10 thousand crore) 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. Dr Stefan König, chief executive officer of Syntegon Technology Transaction wrapped up on schedule as business development remains stable The sale of…

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