Landa Digital Printing has completed additional financing to the tune of $300 million, which it says will be used to expand the company’s infrastructure, as well as for ongoing R&D and market development.
This round of financing has been led by private investment firm SKion GmbH but also includes the German chemicals group Altana. Both of these companies are wholly-owned by German entrepreneur Susanne Klatten. She commented: ““My investment reflects my confidence in the technological potential of Landa Digital Printing. Together we can spark the market demand for digital printing solutions.” She added: “To be part of this new chapter in the history of printing also means a significant entrepreneurial move for me.”
Altana has already invested some $100 million in Landa, owning 33 percent of the company. This latest financing means that Altana and SKion now own 46 percent of the company, while Benny Landa’s holding now shrinks to 54 percent.