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Sep 7, 2001 12:00 AM
Barco N.V. (Kortrijk, Belgium), parent company of Barco Graphics
(Gent, Belgium), and Kirkbi A/S (Billund, Denmark), parent company
of Purup-Eskofot (Ballerup, Denmark), have signed a memorandum of
understanding to merge Barco Graphics and Purup-Eskofot into one
combined company, BPE. Barco N.V. will own 49 percent of the new
company, and Kirkbi A/S will own 51 percent. The combined turnover
of the merger is approximately $227 million.
BPE will combine the management, R&D, manufacturing facilities and distribution resources of Barco Graphics and Purup-Eskofot. The two companies’ product lines will merge into one portfolio. Company headquarters will be in Gent, Belgium. Hardware and software development will take place in Belgium, Denmark, Germany, Norway, Czechia and the U.S. All manufacturing will be in Europe.
William Schulin-Zeuthen, current president and CEO of Purup-Eskofot, will become CEO of BPE. The company plans to have fully consolidated its operations under the new name by January 2002.
Purup-Eskofot, which has a strong position in commercial, newspaper and quick printing markets, has a range of prepress equipment and a workflow solution for newspaper publishing. Barco, which is a major vendor of prepress and pre-production solutions for commercial printing and packaging, will enlarge its packaging systems offering with Purup-Eskofot’s computer-to-plate portfolio.