Krones AG, a manufacturer of beverage filling and packaging technology, acquired a 51% stake in Till GmbH, a German company that develops systems for direct digital decoration of containers, for an undisclosed sum.
The remaining 49% of the shares are held by the company’s founders, who will continue to play an active role in the company. Established in 2011 and located in the state of Hessen, Till will strengthen Krones’ technology portfolio for direct digital printing. Its machines are modular in design and suited for applications in the beverage industry and other sectors. The product range includes modular smartprint machines starting at 10 up to 600 containers per minute.
High-Tech Gruenderfonds and other private investors realize an exit.