Agfa Graphics to acquire assets of Gandi Innovations Holdings LLC., a
leader in large format inkjet
(Thomson Reuters ONE) - * Acquisition enables Agfa Graphics to significantly increase its presence in large format inkjet printing* Gandi's portfolio of mid-range large format printers is completely complementary to Agfa Graphics' inkjet business* The proposed transaction will allow Agfa Graphics to serve a large installed base.Mortsel (Belgium) - Toronto (Canada), November 16, 2009 - 8.00 a.m.CETAgfa Graphics announces that it has reached an agreement to acquiremost of the assets of Gandi Innovations Holdings LLC's North Americanoperations and the shares of its principal foreign subsidiaries.Gandi Innovations is a global leader in large format inkjet systems.Since May 2009, it has been operating under CCAA protection in Canadaand Chapter 15 in the USA.The acquisition is subject to regulatory and court approval and thesuccessful closing of the transaction. The price of the transactionis not being disclosed at this point of time, but it will have nomajor impact on Agfa's financial debt.Over the period 2001-2009, Gandi Innovations has created a largeinstalled base of inkjet printing engines, reaching a sales peak of127 million USD in 2008. Sales in 2009 have strongly suffered fromthe economic crisis (affecting in particular investment goods) andthe uncertainty surrounding the company. Gandi Innovations' longestablished team has a wealth of pioneering expertise and engineeringexcellence in large format printing technology. Gandi Innovations'customers include many of the world's leading Point of Purchase andlarge format printing companies. Over the years, they have come torely on the company's vision, reliability and cutting-edgetechnology.Gandi Innovations was founded in 2001 and has its headquarters andits production facilities in Mississauga (Canada). The Group employs256 highly skilled staff and operates worldwide through sales officesand distributors.Combined with recent announcements on Agfa Graphics' :M-Press Tigerindustrial flatbed inkjet press and the launch of new printingengines in the :Anapurna large format range, the acquisition of theassets of Gandi Innovations strengthens Agfa Graphics' leadership inlarge format inkjet printing systems."The combination of Gandi Innovations' products and Agfa Graphics'products will result in substantial growth for our inkjet businessbased on an even more complete system portfolio," said RichardBarham, Agfa Graphics' Vice President Inkjet. "This is an importantstep in implementing our Inkjet growth strategy. As our own portfolioconsists of entry-level and high-end inkjet systems, GandiInnovations' mid-range systems are a 100% complementary fit with ourexisting inkjet technology."Gandi Innovations' CEO and co-founder Hary Gandy added: "Joining AgfaGraphics offers Gandi Innovations' staff and customers tremendousopportunities for the future. The combined capabilities and coveragein customer service and research and development will accelerate thelaunch of new products, deliver new business opportunities andfurther expand our service to our customers."About Agfa-GevaertThe Agfa-Gevaert Group is one of the world's leading companies inimaging and information technology. Agfa develops, manufactures andmarkets analogue and digital systems for the printing industry (AgfaGraphics), for the healthcare sector (Agfa Healthcare), and forspecific industrial applications (Agfa Materials).Agfa is headquartered in Mortsel, Belgium. The company is present in40 countries and has agents in another 100 countries around theglobe. The Agfa-Gevaert Group achieved a turnover of 3,032 millionEuro in 2008.About Agfa GraphicsAgfa Graphics offers integrated pre-print solutions for the printingindustry. These solutions include material consumption, hardware,software, and services for production workflow, design and colormanagement. The Company's CtP, CtF and digital proofing systems havepositioned it as worldwide leader in the commercial printing andpackaging industries as well as newspaper publishing markets.Agfa Graphics is rapidly expanding its offer of products andsolutions on the growing digital inkjet market. Its experience inboth image technology and emulsions has provided the knowledgenecessary to make high-quality systems for UV and solvent-based inks.Partnerships with industry leaders in development and manufacturehave expanded the scope of its technology and permitted the companyto develop comprehensive digital solutions for printing posters,banners, signs, displays, labels and packaging materials.More information on Agfa-Gevaert, Agfa Graphics and Gandi Innovationscan be found on their respective websites: www.agfa.com -www.gandinnovations.com.ContactKris HoornaertCFO, Agfa-Gevaert NVtel. ++32 (0)3/444 7223Richard BarhamVice President Inkjet, Agfa Graphics NVtel:+32 (0) 3 444 9400fax:+ 32 (0) 3 444 9402e-mail: richard.barham(at)agfa.comhttp://hugin.info/133908/R/1355015/328814.pdfThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 16.11.2009 - 08:01 Uhr
Sprache: Deutsch
News-ID 8413
Anzahl Zeichen: 0
contact information:
Town:
London
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 389 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Agfa Graphics to acquire assets of Gandi Innovations Holdings LLC., a
leader in large format inkjet "
steht unter der journalistisch-redaktionellen Verantwortung von
Agfa-Gevaert (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
