Germany-headquartered group Euro-Druckservice (EDS) has acquired Ipress Center, the biggest heatset web offset printer in Hungary.

EDS acquired the business via its Hungarian subsidiary Zrínyi Nyomada. Ipress Center is primarily a magazine printer, while Zrínyi is focused on flyer printing.

Former Polestar chief financial officer Peter Johnston is working for EDS as an adviser to the board. “This is symptomatic of the consolidation of the industry across Europe. I foresee more activity,” he said.

Johnston left Polestar in September 2015.

EDS has operations in Germany, the Czech Republic, Poland, Romania and Hungary. It employs around 1,400 staff and had turnover of around €250m (£209m) in 2015.

As well as magazines and flyers, its product range includes books, direct mail and digital print.

The terms of the Zrínyi deal were not disclosed. EDS said it expected to be able to exploit synergies across its operations as a result of the deal, but did not plan any major changes at the operations of the two Hungarian businesses.

Separately, French gravure start-up ValRotalys, which began operating earlier this year with a single Cerutti 3.88m gravure press at a previously mothballed print plant near Lille, is planning to beef up its offering in the wake of Polestar’s collapse.

The company has acquired the three Cerutti gravure presses of the same format from the former Polestar Sheffield site.

It expects the first of the ex-Polestar presses to be running by summer 2017, with plans for the second to follow the following year. The third press will be used for spare parts.

The firm is owned by French paper management specialist Valpaco.