# Bobst Group to acquire majority stake in CITO-System

Bobst Group SA has entered into exclusive negotiations to acquire a majority participation in CITO-SYSTEM GmbH, a tooling company for packaging production. The closing is expected in Q1 2020.

- Type: Acquisition
- Announced: 2020-01-07
- Where: Switzerland
- Status: announced
- Products: tooling for packaging production
- Sectors: [Packaging](https://endata.com/sectors/packaging.md), [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Bobst](https://endata.com/companies/345.md) (acquirer)
- [Cito-System](https://endata.com/companies/6399.md) (target)

## Sources

- [worldofprint.com](https://www.worldofprint.com/2020/01/08/bobst-group-seeks-to-accelerate-the-transformation-of-the-packaging-production-through-strategic-investments/), 2020-01-07: "As part of its strategy to provide end-to-end solutions for the production of packaging, BOBST recognizes the critical importance of tooling in an agile and sustainable packaging production chain."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.