Landa secures additional $300m funding
Landa announced the completion of a $300 million equity financing, led by 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 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 a stake of 33.3%.
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.
“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 Klatten. “To be part of this new chapter in the history of printing also means a significant entrepreneurial move for me.”
“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,” said Benny Landa, founder and chairman of Landa Digital Printing.