Consumables

Agfa-Gevaert Group + AURELIUS Group agree on share purchase for Agfas Offset Solutions division

Tuesday 06. September 2022 - 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.

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.