Standard Investment agreed to acquire Automated Packaging Solutions Business from Quadient S.A. (ENXTPA:QDT) for €20 million on June 24, 2021. The Drachten production site, which has about 240 employees, hosts sales, marketing, service, Research & Development and production teams for Automated Packaging Solutions as well as for Document System mid-range folders/inserters, which Quadient will continue to market. As part of the transaction, mid-range DS production will be gradually transferred from Drachten to other Quadient industrial sites and suppliers, ensuring business continuity. This is subject to certain closing conditions, and the transaction is expected to close in Summer 2021. Lexence N.V. assisted Standard Investment.