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29 Nov 2022, 05:42 HRS IST
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  • PTI
  • Press Release


Source:Control Print Limited
Category:General
Control Print Limited acquires Netherlands-based Markprint BV for € 1.5 million
27/07/2022

 

Control Print Limited acquires Netherlands-based Markprint BV for € 1.5 million

•  Control Print Limited expands its business in the European region to boost technological capability
•  Acquires 75 % of Netherland based Markprint BV through its Dutch Holding Company ControlPrint B.V.
•  Through this acquisition, the company plans to make the Markprint Technology available to the Indian Market and develop targeted applications with localized solutions using these technologies

India, July 27, 2022: Control Print Limited, (listed on the BSE and NSE), India’s premier integrated Coding & Marking solutions provider today announced the acquisition of Markprint BV, a world-wide supplier of high-speed printing and coding solutions. As part of the deal, Control Print has acquired 75% of Markprint B.V. for € 1.5 million through its Dutch Holding Company ControlPrint B.V. This is a strategic acquisition for Control Print both in terms of adding technical capabilities as well as getting a toehold in the European market. The acquisition gives Control Print complete access to Markprint’s technology related to high quality Single Pass Printing for Packaging & Industrial applications and will expand its product offering and integrated solutions for applications such as inventory control, branding, and traceability. 

Based in Amstelveen in The Netherlands, Markprint BV develops high-end but easy to use coding and marking solutions that offer precise and high-quality printing on any material. Mr. Charles Vrolijk, Managing Director, Markprint is a long-standing industry veteran and will continue to hold the other 25% shareholding.

Speaking on the acquisition, Mr Shiva Kabra, Joint MD, Control Print, said, “At Control Print, we are constantly looking to add capabilities that enhance our unique value proposition to our customers. This acquisition is strategic for Control Print and will pay a multi-fold dividend to us over the years.  It will enable us to enhance our organic growth rate for a longer time within the core Indian Market as well as give us an entry into newer territories. We will continue to work with the existing leadership to leverage their technological expertise, market reach and build deeper relationships with existing and potential clients.”

“Control Print plans to immediately make the Markprint Technology available in the Indian Market and develop targeted applications with localized solutions based upon Markprint’s technology over the next 12-18 months. Control Print will also support Markprint with geographical expansion and in-house capabilities to increase its direct revenues to 10 million Euros over the next 6 years.” Kabra further added.

Speaking on this partnership, Mr. Charles Vrolijk, Managing Director, Markprint, said, “Markprint is delighted to become a part of the Control Print family. With this, we look forward to contributing to the growth of both the companies. Their business model, technical capability and market reach offers tremendous opportunity to our customers and partners.” 

For more information, visit: https://controlprint.com/

About Control Print Limited

Control Print (listed on NSE and BSE) is the only fully integrated ‘Made in India’ manufacturer, offering cutting edge, indigenous coding and marking products and solutions Control Print offers a full gamut of in-house coding and marking solutions that includes equipment, consumables and spares and services. Control Print provides customized, industry specific, integrated solutions to enhance customer value for clients across more than 20 sectors. Control Print owns two state-of-art factories in Nalagarh, Himachal Pradesh and Guwahati, Assam. They have 11 branch offices in Pan India, extensive presence in 3 countries and over 400 employees including service and field staff. They have the widest service network in India covering 1,700 cities Pan India. They also manufacture and supply USFDA approved surgical masks under the brand name ‘The Mask Lab’. ‘The Mask Lab’ is only the 4th brand in India to be awarded US FDA 501K certification for its 3-ply mask. 

(Disclaimer: The above content is a press release. PTI takes no editorial responsibility for the same.)

CONTACT:
Media contact details:
Sejal Upadhaya, Equations PR and Media +91 9641893426, sejal.equationsmedia@gmail.com Bhavya Shah, Equations PR and Media +91 9408952862, bhavya.equationsmedia@gmail.com
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