Geneva (awp) – Packaging specialist Syntegon, formerly a subsidiary of the German group Bosch, is reportedly considering listing on the Swiss Stock Exchange. The operation would be planned for next year.
This is what the German-speaking newspaper “Finanz und Wirtschaft” reported on Monday, citing a spokesperson. The information was initially relayed by “Schaffhauser AZ”. The company would in fact like to be domiciled in the municipality of Schaffhausen, while the current headquarters located in Weiblingen, Germany, would be dissolved.
Among the reasons for this decision are the advantageous conditions offered by the operator SIX to medium-sized technology companies, it is written in the article. Such an IPO would strengthen long-term growth and only 10 to 20 employees in administrative functions would have to move to the new headquarters.
Syntegon was founded in 1969 as a subsidiary of Bosch. In 2020, the company was split up. According to its own information, the group develops packaging machines for the pharmaceutical industry, medtech and the food industry. The company is present on 39 sites in 20 countries and has 6,300 employees in total. Last year, it achieved a turnover of 1.5 billion euros (1.4 billion Swiss francs).
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