Bosch Packaging Ebitda
Packaging technology has an excellent reputation for quality and innovation a broad product range a global footprint and experienced associates. Behind the wheel is cissy ye the purchasing director at nio responsible for procuring the advanced technology under the hood.
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Based in waiblingen near stuttgart germany and employing 6100 associates syntegon formerly bosch packaging technology is one of the leading suppliers of process and packaging technology.
Bosch packaging ebitda. Bosch packaging technology is a strong company in an attractive market with long term growth prospects. Cvc capital partners is in advanced talks to acquire the packaging technology division of german engineering company bosch per reports. According to preliminary figures the company generated sales of 779 billion euros in 2019.
Germany headquartered bosch group has announced plans to sell its pharmaceutical and food packaging portfolios which in pharmaceuticals includes single units complete lines and integrated systems for the manufacturing and processing of liquid and solid drugs. In choosing the bosch ibooster she has opted for convenience and safety definitely a smartmove. Many private equity groups are preparing themselves for first round of bid which is on march 27 expecting 40 million euros of ebitda for the company.
The company had its es8 model ready for production in just three short years. Ebitda of around 40. Operating across four business sectors mobility solutions industrial technology consumer goods and energy and building technology bosch is uniquely positioned to offer customers a multitude of value add cross sector solutions across a diversity of industry applications.
The packaging unit makes machines for pharmaceuticals and food packaging and employs more than 6000 people. Mike mansuetti is president of bosch in north america a position he has held since 2012. Its operations are divided into four business sectors.
In this role mansuetti works with boschs business units and sales organizations to guide the companys growth strategy in the us mexico and canada with a focus on cross divisional opportunities and new business fields. Mobility solutions industrial technology. Reportedly an auction of paper packaging maker is also underway because of this consolidation.
It employs roughly 403000 associates worldwide as of december 31 2019. Italian engineering group coesia and german industrial holding koerber are preparing offers for boschs packaging machinery business people close to the matter said. The arm could reportedly fetch a price tag as high as 850 million.
For the record german company bosch headquartered in gerlingen was founded in 1886 by robert bosch. The bosch group is a leading global supplier of technology and services. Alexander dibelius managing partner of cvc said.
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