WURZBURG, Germany—October 2020 marks a key milestone for the rebranding and launch of Koenig & Bauer Banknote Solutions. The press manufacturer has now completed the worldwide harmonized naming of all group companies. The new name has no impact on the organization and structure of the business unit.
Claus Bolza-Schünemann, president and CEO of Koenig & Bauer, said: “We are very proud, because the new name Koenig & Bauer Banknote Solutions reflects the unique competence of the company in the world.”
“The renaming of KBA-NotaSys to Koenig & Bauer Banknote Solutions reflects the operational and structural situation that has existed for many years, and ensures consistency across the entire group,” explained Eric Boissonnas, CEO of Koenig & Bauer Banknote Solutions. “We want to fully integrate the Koenig & Bauer brand and offer our unique know-how under a single global name.”
The name “Banknote Solutions” underlines the competence and leadership of Koenig & Bauer in high-tech security printing. “Banknotes are still the most secure form of payment for people all over the world,” said Andreas Pleßke, board member for the special segment. “Banknote printing is an integral part of our company for the long future.”
In regards to the importance of cash in the future, Boissonnas stated, “Cash is a key element and will live parallel to all other payment systems. It will be based on innovative technology and breakthrough ideas that will increase the security of cash and ease of use.”