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    AGFB   BE0003755692

AGFA-GEVAERT NV

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Real-time Euronext Bruxelles  -  06:30 2022-08-09 am EDT
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Agfa Gevaert : to acquire Inca Digital Printers, taking a significant step in its digital printing business with special focus on growth in the packaging market

04/20/2022 | 01:55am EDT

The Agfa-Gevaert Group announced today that it will acquire Inca Digital Printers, subject to meeting and obtaining customary conditions and approvals. The acquisition strengthens Agfa's position in high speed digital printing and brings an additional focus on packaging printing markets.

"The Inca acquisition is a major step in Agfa's transformation. Digital printing is a profitable growth engine for the Group with a tremendous potential that will be further accelerated by the addition of Inca," said Pascal Juéry, President and CEO of the Agfa-Gevaert Group.

Inca Digital Printers is a Cambridge UK based leading developer and manufacturer of advanced high speed printing and production technologies for sign and display applications as well as for the rapidly growing digital printing market for packaging. Inca is an ideal partner for Agfa, bringing a complementary portfolio of printing solutions of the highest standard and a strong technological platform to launch robust single pass printing presses for the packaging market.

The acquisition encompasses the portfolio of existing high speed multi pass printers, including a strong service organization; a newly designed line of single pass printers for several packaging applications as well as a joint development of a customized in-line Print Engine in collaboration with leading corrugator manufacturer BHS Corrugated.

Stephen Tunnicliffe-Wilson, CEO/CTO of Inca Digital Printers Ltd.: "The acquisition by Agfa allows us to combine our technological knowhow and will enable us to become a leading digital packaging press manufacturer worldwide. Our new parent has shown long term commitment to the digital printing market and we are extremely proud and look forward to becoming part of the Agfa family."

Vincent Wille, President of Agfa's Digital Print & Chemicals division, comments: "The combination of Inca Digital's manufacturing knowhow and Agfa's technical expertise, worldwide presence and excellent service networks will allow us to bring unparalleled printing solutions to our customers and to adapt seamlessly to their needs in this rapidly evolving space. This investment leverages and strengthens our position in the high-end and high speed wide format market as a whole and specifically in the promising packaging segment."

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

Johan Jacobs
Corporate Press Relations Manager
T +32 (0)3/444 80 15
E johan.jacobs@agfa.com

Disclaimer

Agfa Gevaert NV published this content on 20 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 April 2022 05:54:14 UTC.


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Financials
Sales 2022 1 785 M 1 824 M 1 824 M
Net income 2022 -37,7 M -38,5 M -38,5 M
Net Debt 2022 431 M 441 M 441 M
P/E ratio 2022 -14,7x
Yield 2022 -
Capitalization 546 M 558 M 558 M
EV / Sales 2022 0,55x
EV / Sales 2023 0,51x
Nbr of Employees 7 108
Free-Float 100,0%
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Last Close Price 3,53 €
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Managers and Directors
Pascal Juéry Chief Executive Officer
Dirk de Man Chief Financial Officer
Frank Aranzana Chairman
Wilfried van Lishout Secretary
Mark Pensaert Independent Director
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