Plockmatic International Acquires Morgana Systems
STOCKHOLM, SWEDEN and MILTON KEYNES, UK—February 1, 2013—Plockmatic International AB, one of the world’s leading developers and manufacturers of document finishing technology, has acquired Morgana Systems Ltd. of the United Kingdom. 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, United Kingdom, 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 United Kingdom 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.”
About Grimaldi Industri Group
Grimaldi Industri Group has annual revenues of over €250 million. Under the leadership of Salvatore Grimaldi, the company includes some 1,300 employees across businesses that include Europe’s leading bicycle brands like Bianchi, Peugeot, Gitane, Crescent, Monark, DBS and Kildemoes. Other companies include Karlsson Spools, a manufacturer of spools for hydraulic valves, Grimaldis Mekaniska Verkstad, a subcontractor to the manufacturing industry, Learnify e-learning solutions and Investment AB Rivetina. In addition, the group is part-owner of industrial concern 3nine, electronic retail pricing system provider Pricer and e-learning company Contento Wassum.