# Bobst Group and CITO-SYSTEM enter exclusive negotiations for joint venture

Bobst Group SA and CITO-SYSTEM GmbH have entered exclusive negotiations regarding a potential joint venture, with Bobst planning to acquire a majority holding in CITO. The transaction is expected to close in Q1 2020.

- Type: Partnership
- Announced: 2020-01-16
- Where: Mex, Switzerland
- Status: announced
- Products: tooling for packaging production
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Packaging](https://endata.com/sectors/packaging.md)

## Companies

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

## Sources

- [cito.de](https://www.cito.de/en/DE/news/cito-system-bobst-group-entered-exclusive-negotiations/), 2020-01-16: "Bobst Group SA, Mex/Switzerland, and CITO‑SYSTEM GmbH, Schwaig/Germany, have entered into exclusive negotiations regarding a potential joint venture between the two companies."

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