# Bobst increases stake in Cito Group to 90%

Bobst has increased its stake in Cito Group to 90% after acquiring the remaining shares from former managing director Jürgen Mariën. Bobst first acquired a 51% majority stake in 2020.

- Type: Acquisition
- Announced: 2023-05-11
- Where: Germany
- Status: completed
- Products: creasing technology components, consumables for converting and die-making
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Bobst](https://endata.com/companies/345.md) (acquirer)
- [Cito Group](https://endata.com/companies/70215.md) (target)

## Sources

- [packagingsouthasia.com](https://packagingsouthasia.com/type-of-article/industry-news/bobst-increases-stake/), 2023-05-11: "Bobst’s stake in Cito Group – one of the world’s market leaders in the field of creasing technology – has increased to 90%."

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