Integration of the Swiss company is a significant strategic milestone, as from now on Krones has all the necessary technologies for circular PET solutions
Krones completed the acquisition of 100% of the shares of Swiss company Netstal, with full approval from regulatory bodies. Netstal is an important supplier of technologies in the blowing area, especially in the production of PET preforms and caps – in the 2023 financial year, the company generated revenues of more than 200 million euros with around 560 employees.
Acquisition of Netstal is a significant strategic milestone, as from now on Krones has all the necessary technologies for circular PET solutions, from injection molding of preforms to the production of PET bottles, and from filling and packaging systems to recycling of used bottles. It is also the possibility of delivering new blowing solutions to new segments, such as the medical and pharmaceutical markets.
Netstal will continue to have responsibility for managing its business, benefiting at the same time from the international positioning and economies of scale of the Krones Group. This and other measures will help improve Netstal’s profitability and bring it to the level of the Krones Group in the medium term.
