Plockmatic International acquires Morgana Systems Ltd.
Tuesday, February 05, 2013
Press release from the issuing company
Plockmatic International AB, one of the world’s leading developers and manufacturers of document finishing technology, has acquired Morgana Systems Ltd. of the UK. The acquisition dramatically expands the two companies’ distribution capacity and product line, positioning the new group at the forefront of the industry.
Morgana will be a wholly owned subsidiary of Plockmatic. The Swedish firm’s CEO, Jan Marstorp, will head the new group. Morgana will maintain its offices in Milton Keynes, UK, where Quen Baum will continue as Managing Director.
Morgana Systems is a leader in the development and sales of off-line document finishing technology. Their products are sold through a direct sales force in the UK and a network of distributors around the world.
Plockmatic is the leading supplier of in-line booklet making systems custom designed for the mid-range digital print segment. Plockmatic also manufactures a range of off-line booklet makers sold through independent distributors worldwide and a versatile mail-feeding system available through distributors and OEM partners.
Plockmatic International is part of Grimaldi Industri Group, a diversified Stockholm-based holding company.
“The acquisition of Morgana gives us access to the product development, technology and distribution capabilities we need to reach more customers all over the world,” said Salvatore Grimaldi, owner and CEO. “I’m delighted to welcome Morgana to our group of companies.”
Jan Marstorp of Plockmatic adds: “For a long time we’ve had enormous respect for Morgana’s people and its products. Together, these two innovative companies add value to the printed page as part of the communications mix.”
Quen Baum of Morgana says he is delighted that the company is being acquired by Plockmatic which he sees as the ideal partner for the future.
“The combined companies and brands will be even stronger in the market and will better serve our customers and staff,” he says. “We look forward to the future and to being part of Plockmatic and the Grimaldi Industri Group.”
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