95% of the banknotes used in the world are printed on printers made by Koenig & Bauer Banknote Solutions SA, a division of Koenig & Bauer.[citation needed]
History
Founded in 1817, by the 20th century Koenig and Bauer had become a major company and the world's leading manufacturer of security printing equipment.
In 1951, the firm began to suffer from the age of the designs of the machines it was selling, some of which dated from the early 1920s, and its chairman, Hans Bolza, faced up to the need to come to terms with Gualtiero Giori, an Italian printer and inventor with a company in Lausanne who had made great advances in intaglio printing. Bolza established an immediate rapport with Giori, and the deal they signed in 1952 led to a long-term agreement in 1958. Koenig & Bauer surrendered to Giori its distribution rights, even in Germany, but gained the exclusive rights to manufacture Giori machines, and the two had a long and profitable association.[1] In 2001, after Giori's death, Koenig & Bauer acquired his company, Giori SA, part of which was renamed KBA Giori [2]
Printing capacity
The table lists the maximum number of pages which the various early 19th-century press designs of Friedrich Koenig and Andreas Bauer could print per hour,[3] compared to earlier hand-operated screw presses. The table includes those designs which were constructed by the pair in England before the establishment of their company upon their return to Germany.
