26.06.2014

Heidelberg invests in digital packaging printing

The management board (Vorstand) of Heidelberger Druckmaschinen AG (Heidelberg) has resolved with the approval of the supervisory board (Aufsichtsrat) to carry out a capital increase against contribution in kind from authorised capital with the exclusion of the subscription rights. For such purpose, Ferd. Rüesch AG, Switzerland, a company controlled by Ferdinand Rüesch, will contribute its 70 % stake in Gallus Holding AG, Switzerland, as contribution in kind into Heidelberger Druckmaschinen AG against the issue of new shares.

After the completion of the transaction, Heidelberg will directly and indirectly hold 100 % of the shares in Gallus Holding AG. Gallus is a leading supplier in the packaging industry for labels and folding boxes. In 2013, the Group generated a turnover of CHF 188 million with approx. 500 employees.

The planned complete takeover of Gallus Holding AG accelerates the development and use of Heidelberg's digital products in the growing labels sector. In fall this year, Heidelberg and Gallus will be unveiling a new digital printing system for the label market that incorporates Fujifilm technology. By acquiring approx. 9 percent of Heidelberg shares in consideration for the Gallus stake, Ferdinand Rüesch will also become a new strategic anchor investor of the company. At the same time, Heidelberg is strengthening its capital structure, which will support the company's strategic reorientation.

"We are very proud to have won Ferdinand Rüesch as anchor investor with long-standing sector knowledge," said Heidelberg CEO Gerold Linzbach. "The full acquisition of Gallus will further enhance the cooperation of the two companies. Together, we will continue to foster the development in the growing market for digital label production."


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