Within the framework of its ongoing transformation process, the Agfa-Gevaert Group (Mortsel, Belgium) has signed a share purchase agreement with asset-management firm Aurelius Group (Grünwald, Germany) for the sale of Agfa’s Offset Solutions Division. Under the terms of the agreement, the Aurelius Group would acquire Agfa’s Offset Solutions Division at an enterprise value of 92 million Euros, subject to customary working capital and net financial debt adjustments – as well as minority share and net pension debt deductions. Agfa’s 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 also subject to the customary employees’ information and consultation processes, regulatory approvals, and closing conditions. Both parties aim to complete the transaction during the first quarter of 2023.
“The expected sale of the Offset Solutions Division is a major step in our ongoing transformation process,” said Pascal Juéry, CEO of the Agfa-Gevaert Group. “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.”
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