Amidst its transition from a traditional machine manufacturer to an agile technology provider, Koenig & Bauer is taking its next step towards becoming a leading digital solutions player in the printing and packaging arena.
On 1st April, the Digital Unit, previously operating under the Group’s umbrella, will be spun off from the holding company. The result will be a wholly-owned subsidiary, Koenig & Bauer Kyana GmbH, that will be part of the Special & New Technologies segment. Sandra Wagner, previously VP of Digitalisation at Koenig & Bauer, has been appointed Managing Director of Koenig & Bauer Kyana GmbH. The spin-off of the mechanical engineering company’s software innovation hub as an independent entity marks an important milestone in the consistent implementation of the company’s digital strategy.
Koenig & Bauer Kyana GmbH will continue to concentrate on the development of digital business models as well as AI and data-driven solutions throughout the entire life cycle of print products.
“We are convinced that this strategic spin-off, combined with the concentration and consolidation of our outstanding expertise in the field of digitalisation, will make a significant contribution to the long-term success of our company,” confirms Andreas Pleßke, CEO. “The spin-off enables the company to meet customer needs in a more targeted manner and to optimally exploit the growth potential in this dynamic market segment.”
