The B2 machine, which will arrive at the company's 1,115sqm Kenilworth site early next year, is expected to quadruple the production speed of the company's board printing.
Mike Robinson, managing director of Centreprint, said: "We do a lot of printing on thick board and card, which we were previously putting through at 3,000 sheets an hour.
"We will soon be able to print at 12,000sph, which will make us far more efficient."
The all-Heidelberg house, which employs 32 staff, anticipates the new machine will boost its turnover, which currently sits at £2.8m.
Robinson said the printer is aiming to hit £3m by the end of its financial year in April by pushing into larger markets.
"We're making a concerted push to attract work from the bigger advertising and marketing agencies with the higher production machine," he added.
The B2 Speedmaster, which comes specified with the Prinect Press Center and Intellistart press control software, joins a kit battery that includes a five- and six-colour Speedmaster.
B2 buy to push Centreprint turnover past 3m
Centreprint is aiming to grow its turnover past the 3m mark after investing in a five-colour Heidelberg Speedmaster XL 75.