Xsys acquires MacDermid Graphics Solutions

Xsys has signed an agreement with Element Solutions to acquire certain shares and assets held by subsidiaries of the latter, comprising the MacDermid Graphics Solutions business for approximately 325 million USD. The transaction has been approved by the board of directors of both companies and is subject to regulatory approvals and customary closing conditions.

Xsys has also announced a change in leadership at Xsys. Departing group CEO Oliver Dohn has driven profitable growth and set a new strategic growth and innovation agenda for Xsys. Dohn has now decided to pursue other endeavors. 

Dr. Alexander Unterschütz has taken the position of the new group CEO in order to spearhead Xsys’s next growth chapter. Prior to joining Xsys, Dr. Unterschütz led the components business at Linde Engineering, where he worked for 14 years. Before that, he worked as a management consultant with McKinsey & Company. The board welcomes Dr. Unterschütz and is confident that under his leadership Xsys will continue to drive innovation and growth, as well as further the excellent reputation the company has with its customers, who are at the center of everything it does.

‘I am delighted to join Xsys as its new CEO and together with the whole Xsys team support its continued success. I am also excited about the combination of Xsys and MacDermid. Both businesses have highly complementary geographic footprints and product portfolios, which will enhance Xsys’ product offering, service levels as well as drive innovations to serve our customers even better,’ said Dr. Unterschütz.