Koenig & Bauer AG

Printing press manufacturer

An impressive turnaround

Digital technologies have permanently changed the market structures in the printing industry. For Koenig & Bauer, the impact on its business model was substantial – and called for quick and decisive action. Andersch worked with the company’s management team to strategically re-focus the business.

Company

Koenig & Bauer develops and produces innovative printing Systems and related Solutions. The long-standing family-run business was established in 1817 and is now the world’s second-largest manufacturer of printing presses, with a workforce of over 5,600 employees.

Initial Situation

There was a fundamental change to Koening & Bauer's core markets due to the decline in printed media and printing shops and the advent of new vendors and applications demanding innovative printing technologies. This resulted in a decline in revenues and the need for the company to be restructured. 

 

Solution

Together with the management team, Andersch developed a strategy to combat the market decline whilst also identifying further areas of optimization. The restructuring included adjusting all value creation structures, introducing flexible and transparent corporate and management structures, and developing new business segments.

 

Achievements

By working with Andersch, the company is now focused on the future digital markets and is less dependant on its shrinking traditional core markets. The internal optimization measures introduced meant that restructuring costs were funded by the business. The restructuring measures also had a positive impact on market capitalization, which increased sharply, reflecting investors' view of the additional value added to the company. 

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Claus Bolza-Schünemann

Stable partnerships are grounded in quality, integrity, and honesty. Alongside all the analyses and measures to be implemented during restructuring, the unconditional fulfilment of these criteria as well as the unwavering trust and fair play shown by stakeholders were key factors for success.

Claus Bolza-Schünemann CEO, Koenig & Bauer AG