# Bobst acquires 51% stake in Cito-System

Packaging machinery supplier Bobst acquired a 51% majority stake in Cito-System, a maker of creasing systems and tooling for the packaging industry, with Cito-System management keeping 49%.

- Type: Acquisition
- Announced: 2020-04-22
- Status: completed
- Products: creasing systems, packaging tooling, die-making components
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

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

## Sources

- [packagingnews.com.au](https://www.packagingnews.com.au/equipment/bobst-acquires-stake-in-cito-system), 2020-04-22: "Bobst has acquired a majority stake in Cito-System, a company that specialises in creasing systems for the packaging industry."

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