EXHIBIT 99.1


(technotrans LOGO)                                                (BALDWIN LOGO)

JOINT PRESS RELEASE

technotrans AND BALDWIN EXECUTE LETTER OF INTENT FOR ACQUISITION OF BALDWIN AT
$2.50 PER SHARE IN CASH

technotrans and Baldwin plan to build world leading supplier to the printing
industry - Combined entity would have broader product offering and larger global
market footprint

SASSENBERG/GERMANY AND SHELTON, CT/U.S., DECEMBER 12, 2003. A transatlantic
merger to build a world-wide leading supplier to the printing industry:
technotrans AG [Deutsche Borse: TTR; ISIN DE0007449001] and Baldwin Technology
Company, Inc. [AMEX: BLD; ISIN US0582641025] today announced that they have
signed a non-binding Letter of Intent (LOI) whereby technotrans would acquire,
through a one-step merger, all outstanding shares of Class A and Class B Common
Stock of Baldwin for a price of $ 2.50 per share in cash.

Due to higher demands for efficiency from their customers, offset printing press
machinery suppliers are facing increased pressure to provide comprehensive,
integrated solutions. "By combining Baldwin's excellent know-how, especially in
automated cleaning systems, with technotrans' successful liquid technology, both
companies together could better address customer demands," stated technotrans
CEO Heinz Harling.

Baldwin Chairman and CEO Gerald A. Nathe said, "While Baldwin has a proud
tradition as an independent company and as a leader in the design and
manufacture of printing press accessories and controls, we have come to the
conclusion that, should Baldwin and technotrans reach a definitive agreement,
the proposed transaction would be in the best interest of our stockholders."

The combined entity would have an increased presence in Germany, Japan and the
U.S., the world's most important markets of the graphic arts industry.
Additionally, by combining their respective product offerings and sales forces,
technotrans and Baldwin would broaden their customer base. The combined entity's
stockholder value is expected to be enhanced through optimised use of resources.

technotrans and Baldwin have decided to announce the transaction plans in
advance of the signing of a definitive agreement in order to avoid industry
rumours while proceeding with the intended merger. The contemplated transaction
is subject to confirmatory due diligence, execution of definitive acquisition
documentation, respective board approvals, financing by technotrans, and other
requirements and contingencies typical in a transaction of this nature. The
signing of a binding merger agreement is expected in January 2004.

No action is required by Baldwin stockholders at this time. Should a merger
agreement be signed, Baldwin will send to its stockholders a proxy statement
informing them of any required actions.

About technotrans

technotrans is a global systems supplier and fully equips all leading makes of
printing press ex works. Its core expertise of liquid technology is translated
systematically into new areas of application; thus successfully expanding
technotrans' product range over the last decades. technotrans is active at 13
locations, across three areas of business: Print, Micro Technologies and
Services. The company employed a staff of 621 at FYE 2002 and generated revenue
of EUR 117.0m in FY 2002. technotrans AG is based in Sassenberg, Germany, and
has sales and service offices around the world. Since 1998, technotrans has been
listed on the German Stock Exchange in Frankfurt.

About Baldwin

Baldwin Technology Company, Inc. is a leading global manufacturer of accessories
and controls for the printing and publishing industry. Baldwin supplies customer
driven integrated solutions supporting market-leading automated cleaning,
dampening and temperature control products and systems, suitable for
installation on new or existing sheet-fed, web offset and newspaper presses. The
company employed a staff of 533 at FYE 2002/2003 and generated revenue of
$134.2m in FY 2002/2003. Established in 1918, Baldwin is headquartered in
Shelton, Connecticut, USA and has sales and service offices around the world.
Since 1987, Baldwin has been listed on the American Stock Exchange.

This Release contains statements that may constitute "forward-looking"
information as defined in the Private Securities Litigation Reform Act of 1995
or by the Securities and Exchange Commission. Investors are cautioned that any
such forward-looking statements are not guarantees of future performance and
actual results may differ. See Exhibit 99 to Baldwin's Form 10-K Report for the
year ended June 30, 2003 for factors that may impact actual results.

Baldwin plans to file a proxy statement concerning the merger with the
Securities and Exchange Commission (SEC) following the signing of a definitive
agreement. Baldwin stockholders are urged to read the proxy statement when it
becomes available and any other relevant materials filed with the SEC because
they will contain important information. Baldwin stockholders will be able to
obtain free copies of these documents, when they become available, through the
website maintained by the SEC at www.sec.gov. In addition, Baldwin stockholders
may obtain free copies of the documents by requesting them in writing from
Baldwin Technology Company, Inc., 12 Commerce Drive, Shelton, CT 06484-0941,
Attention: Investor Relations.

Baldwin and its directors and officers may be deemed to be participants in the
solicitation of proxies from Baldwin's stockholders in connection with the
contemplated transaction. Baldwin stockholders may obtain more detailed
information regarding the direct and indirect interests of participants in such
solicitation by reading the proxy statement when it becomes available.

technotrans contact:
      Thessa Roderig, +49 (0) 2583 301 887

Baldwin contact:
      Helen P Oster, +1 203 402 1004

Media and analyst press conferences via telephone:
      Date:  Friday, December 12, 2003
      Time:  10:00 Central European Time
      Call-in number: +49 (69) 27 11 3 400