The investment by the Chinese kit manufacturer, details of which were not disclosed, marks the culmination of a longstanding joint venture between the two businesses.

SEC subsidiary Shanghai Electric Printing and Packaging Machinery Group (SPPM) has worked with Goss in the production of several web press models.

Chen Daxiong, chairman of SPPM, said that the deal, which is subject to approval from the Chinese government, marked the company's commitment to "investing resources to enhance Goss's current market and technology leadership position".

Goss International chief executive Jochen Meissner said: "The investment in Goss International will bring additional strength and financial resources to our business."