Novexx Solutions has recently acquired the Italian Eidos S.p.A., and given the fact that Masterprint Jelöléstechnika Kft. has served as an official representative for both brands for many years, the merger is relevant to our Company.
Novexx Solutions intends to further strengthen its market position via this step, as the transaction will significantly increase the number of solutions potentially offered by Novexx in the future. As a market leader in industrial labeling technology, and label printing, Eidos will be a perfect match for Novexx Group – as it was stated in the press briefing issued about the acquisition. Via the acquisition, Novexx Solutions, with its headquarters in Germany, will be able to serve its customer base in more areas and more straightforward ways.
The combined Novexx and Eidos group will remain to be focusing on offering renewable and sustainable value added in the future as well, not only for its already existing customer base, but also targeting potential new customers, who wish to use the new, combined company’s products and services – as it was stated by one of the Novexx senior executives. The current superb market conditions, as well as the professional and technological synergies and possibilities offered by Eidos, made it easy for us to make the decision to execute this investment – commented the Novexx executive.
The acquired company will remain to be operating under the name Eidos S.p.A. in the future. Eidos has been a family owned and run business for over 40 years, so this will be the start of a new era for the company, enabling the company to carry out further improvements and capital expenditure programs, which will ensure a long term success and further growth for the company.