XSYS, a global integrated solutions provider to the flexographic, letterpress and pre-press printing markets, has entered into a definitive agreement with Element Solutions Inc. under which XSYS will acquire certain shares and assets held by subsidiaries of Element Solutions Inc, comprising the MacDermid Graphics Solutions business for an enterprise value of approximately $325 million.
The transaction has been approved by the Board of Directors of both companies and is subject to regulatory approvals and customary closing conditions.
XSYS also announce a change in leadership at XSYS. Departing Group CEO Oliver Dohn has played a key role during his tenure in driving profitable growth and setting a new strategic growth and innovation agenda for XSYS. Dohn has now decided to pursue other endeavors.
The Board has appointed Dr. Alexander Unterschütz as the new Group CEO in order to spearhead XSYS’s next growth chapter. Dr. Unterschütz most recently led the Components business at Linde Engineering. Prior to his 14 years at Linde, he worked as a management consultant with McKinsey & Company.
