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Koenig & Bauer and Durst signed a letter of intent for a 50/50 joint venture in Germany to develop and make water-based digital single-pass presses for folding carton and corrugated printing. Manufacturing of the VariJET press is to start in time for Drupa 2020, subject to merger control approval.
“Through a 50/50 joint venture, the two companies are to pool their know-how and strengths with a focus on the folding carton and corrugated printing markets.”workclout.com
Summarized from public sources; check the original articles before acting on it.