From a €130 million IPO to insolvency and now a €643,000 acquisition, Highcon’s journey is a reminder of how fast fortunes can change in the print and packaging tech world. On July 29th, 2025, the Israeli court approved the sale of Highcon to Arkena Inc., an American/Israeli investor group backed by LR Group.

Not so long ago, Highcon was under reconstruction, and this was not long after a surprising IPO that brought in almost €130 million.

Though Highcon remained full of faith, the company once again ran into trouble a few months ago and was placed under insolvency by the court. And here we are today!

Today, July 29th, the court permitted to sell of Highcon to a group called Arkena Inc. According to former CEO and now chairman Shlomo Nimrodi, Arkena is an American/Israeli group of investors. Despite Nimrodi’s reluctance to reveal the names of the investors, the Israeli business media Globes reports that Arkena will be established in the US and is owned by LR Group, which includes former Highcon investors Roy Ben Yami and Ami Lustig.

We directly asked Nimrodi whether Benny Landa continues to be among the owners of the new Highcon, but he did not answer directly. Benny Landa has his own challenges at the moment but has been an active investor in Highcon since the beginning.

One of Highcon’s founders, Aviv Ratzman, said in a newly released article on LinkedIn that Highcon in finishing is what Indigo was to print – and yes, many of the Israeli print-industry companies have recruited talent from each other over the years!

A huge surprise in the deal is that Arkena (or LR Group) acquired Highcon for about €643,000.

The new owner will have to allocate a lot of cash to bring the products to market, complete ongoing R&D, possibly hire new employees, and of course, regain the market’s trust. On top of that, Highcon will also have to pay about €773,000 to the government as part of the deal!

An interesting story to follow — and, of course, best wishes to all involved.