Israeli company Landa Digital Printing has raised $300 million from 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 ongoing R&D and market development.
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at office@jewishbusinessnews.com.
Thank you.
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 33.3% stake and SKion 12.7%.
With a portfolio of over 800 patents worldwide that provide the companies he founded with a solid intellectual property base, Benny Landa, the founder of Landa Digital printing, has developed a technology called Nanography for the commercial, packaging and publishing markets.
Nanography bridges the critical profitability gap between offset and digital printing by enabling printers to cost-effectively produce short-to-medium run lengths.
“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.”
Landa Labs, the group’s innovation arm, explores nanotechnology for use in solar energy, automotive coatings, hair color, cosmetics, lab-grown diamonds, 3D printing, drug delivery and other fields.
