Landa Digital Printing has announced the completion of a $300 million equity financing, led by private investment firm SKion GmbH and joined by specialty chemicals group Altana, an already existing shareholder. Both SKion and Altana are wholly owned by German entrepreneur Susanne Klatten.
The proceeds from the financing will be used for expansion of the company's infrastructure and manufacturing capabilities, as well as for on-going research and development and market development.
‘My investment reflects my confidence in the technological potential of Landa Digital Printing. Together we can spark the market demand for digital printing solutions,’ said Susanne Klatten. ‘To be part of this new chapter in the history of printing also means a significant entrepreneurial move for me.’
Benny Landa, founder and chairman of Landa Digital Printing, stated: ‘We are delighted with our longstanding relationship with Altana and are extremely pleased to broaden that partnership to include SKion, with whom we have a shared vision. This substantial financing is one of the foundations we are laying for accelerated growth, now that we have started shipping our Nanographic printing presses to customers around the world.’
Altana CEO Martin Babilas added, ‘We are excited about our partnership with Landa Digital Printing that started in 2014 when Nanography was still in its early days. Since then we have supported Landa Digital Printing in finding new, innovative material science solutions for digital printing, and we are looking forward to doing so also in the future.’
The investment is in addition to the over $400 million previously invested by Benny Landa and Altana in Landa Digital Printing. Benny Landa continues to be the company's majority shareholder with 54%. Altana and SKion together now own 46% of the company with Altana continuing to hold a stake of 33.3%.