Netstal will retain its business responsibility within Krones. Credit: Pixel B via Shutterstock.

German packaging and bottling manufacturer Krones is set to acquire Switzerland-based injection molding machine supplier Netstal.

With a workforce of more than 500 employees, Netstal provides injection molding machines to the beverage (PET preforms and caps), medical, and thin-wall packaging markets.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

In the 2023 fiscal year, Netstal reportedly generated revenue of more than €200m. The profitability of the company is currently below the Krones Group level, but this gap is expected to be closed over the coming years.

Netstal will be reported as part of the Filling and Packaging Technology segment.

The final signing of the transaction is scheduled for beginning of February 2024. Following this, the transaction is subject to approval under the relevant antitrust legislation. Krones expects the transaction to be completed within the first half of 2024.

See Also:

Krones will finance the purchase with existing liquid funds, but also may take advantage of partial debt financing. The companies were previously strategic partners.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

A mutually beneficial acquisition

Netstal’s PET and Cap businesses complement Krones’ product portfolio for the beverage market.

In terms of PET closed-loop solutions, Krones covers all technologies required from injection molding to PET container production through to filling/packaging and recycling.

The medical and thin-wall packaging segments of Netstal further support Krones’s strategy to diversify into the medical/pharma market as well as into food and home-personal-care applications.

In turn, Netstal will retain its business responsibility within Krones, while benefitting from an international scale-up.

In early 2023, Krones digitised contract lifecycle management for its headquarters in Neutraubling, Bavaria.