KBA Halves Loss with Spike in Press Orders

Despite an intensive search KBA has not yet made any further acquisition or entered a collaborative alliance with new partners. Even so, the group remains committed to diversifying from its traditional business of press technology into new fields offering good prospects for growth and employment. Says Hansen: “Protracted negotiations on a potential acquisition with a business volume of well over €100m recently fell through when the risks to which KBA would be exposed proved to be too high. Further options are being pursued with the due diligence and patience essential in the current business climate. While KBA has ample reserves to finance any promising project, we are in no hurry and have no desire to enter a venture with an uncertain outcome.”