Agfa-Gevaert Group and AURELIUS Group sign share purchase agreement for sale of Agfa’s Offset Solutions division - Regulated information
August 30 2022 - 1:15AM
Agfa-Gevaert Group and AURELIUS Group sign share purchase agreement
for sale of Agfa’s Offset Solutions division - Regulated
information
Mortsel, Belgium – August 30, 2022 – 8.15
a.m. CET
Within the framework of its ongoing transformation
process, the Agfa-Gevaert Group has signed a share purchase
agreement with AURELIUS Group for the sale of its Offset Solutions
division. Under the terms of the agreement, AURELIUS Group would
acquire the Offset Solutions division at an enterprise value of 92
million Euro, subject to customary working capital and net
financial debt adjustments as well as minority share and net
pension debt deductions.
The Offset Solutions division is a global supplier
to the offset printing industry, offering commercial, newspaper and
packaging printers integrated prepress and printing solutions.
The proposed transaction is subject to customary
employees’ information and consultation processes, regulatory
approvals and closing conditions. Both parties aim to complete the
transaction in the course of the first quarter of 2023.
Pascal Juéry, CEO of the Agfa-Gevaert Group, said:
“The expected sale of the Offset Solutions division is a major step
in our ongoing transformation process. It will enable us to
increase our focus on our growth businesses, which is crucial to
our future success in our markets. After having examined all
options, we believe that the proposed transaction is the best
possible solution for all stakeholders: the employees working in
the division, the customers in the offset industry and our
shareholders.”
Agfa was assisted by the investment bank BNP
Paribas Fortis Advisory and by the law firm Linklaters.
This announcement contains inside
information.
About Agfa
The Agfa-Gevaert Group is a leading company in
imaging technology and IT solutions with over 150 years of
experience. The Group holds four divisions: Radiology Solutions,
HealthCare IT, Digital Print & Chemicals and Offset Solutions.
They develop, manufacture and market analogue and digital systems
for the healthcare sector, for specific industrial applications and
for the printing industry. In 2021, the Group realized a turnover
of 1,760 million Euro.
Contact:
Viviane Dictus Director Corporate
Communication T +32 (0) 3 444 71 24 E viviane.dictus@agfa.com
- 20220830_saltagreement Final UK
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