BST eltromat International, a leading manufacturer of quality assurance systems for web-processing industries based in Bielefeld, Germany, has increased its stake in Nyquist Systems through its parent company elexis AG. The company now holds a majority interest in the company which makes inspection systems for narrow web printing processes.
The first investment in Nyquist Systems was acquired at the beginning of 2018. BST eltromat has been distributing the inspection systems of the TubeScan family from Nyquist Systems worldwide for five years as part of an exclusive partnership. With their performance and reliability, these systems ideally complement BST eltromat's offering in the areas of 100% inspection and web monitoring in the narrow web market.
Nyquist Systems, in turn, benefits from BST eltromat's high profile and the company's global sales and service network. This allows customer projects to be implemented quickly. The shared success of the two companies is reflected in the figures: Just recently, they jointly celebrated the sale of the 1,000th TubeScan system at Nyquist Systems in Landsberg.
“The acquisition of the majority stake in Nyquist Systems was a strategic decision. BST eltromat is now integrated into the future developments of Nyquist Systems and can thus optimally adapt the shared solution portfolio to the requirements of label and packaging printing," says BST eltromat managing director Kristian Jünke, explaining his company's motivation to increase its stake in Nyquist Systems after only one year.
“The comprehensive practical experience that BST eltromat has acquired over the last few decades in the area of print inspection," Jünke continues, "is now being added directly to the specialist knowledge of Nyquist Systems in the narrow web market. In combination with our other products, this results in added value based on factors such as digital networking, and helps our customers make the best possible use of their value chain.”
The result is a further strengthening of the shared market leadership in quality assurance systems for web-processing production processes and is the next logical step in the intensive partnership between the two companies.
“With BST eltromat behind it, Nyquist Systems has more power than ever before in regard to developing new innovative features and products. For this reason alone, the acquisition of the majority stake by BST eltromat is good news for our shared customers. It gives them the long-term assurance that, in BST eltromat and Nyquist Systems, they have stable partners they can rely on,” adds Nyquist Systems nanaging director Dr Stephan Krebs, welcoming the even closer cooperation between the two companies. For example, in the past the strategic partnership had already aimed to cover the quality assurance requirements of label and packaging manufacturers for web-processing processes from a single provider.