Heidelberger Druckmaschinen AG to be Split into Three Divisions
HEIDELBERG, GERMANY—11/26/2009—The management board and supervisory board of Heidelberger Druckmaschinen AG (Heidelberg) has today reached a decision to restructure the company. In order to make implementation of the Heidelberg strategy even more efficient, the company will be split into the "Heidelberg Equipment," "Heidelberg Services," and "Heidelberg Financial Services" divisions from April 1, 2010.
"The new corporate structure will result in more targeted market approach and enhance the efficiency of the services we offer customers," stated CEO Bernhard Schreier. The supervisory board has also decided to reorganize the management board.
The focus on the "Heidelberg Equipment" and "Heidelberg Services" divisions strengthens the company's strategic orientation. Heidelberg offers its customers both technologically advanced products and a comprehensive range of innovative services. The company is also responding to the changing structures in the global print media industry by putting in place plans to significantly expand the "Heidelberg Services" division, which is relatively independent of economic cycles.
The objective is to provide services that will help Heidelberg customers enjoy greater success on a sustainable basis. In addition to improving machine availability, Heidelberg also aims to boost productivity and efficiency and facilitate process integration and environmentally friendly printing. The existing "Press" and "Postpress" divisions will be incorporated in the new divisional structure. Both new divisions bear complete responsibility for their results. The "Heidelberg Financial Services" division will continue in its present form.
"With the "Heidelberg Equipment" division, we will continue to build on our market-leading position in the commercial printing segment and also achieve growth in packaging printing and its finishing," said Schreier. The new "Heidelberg Services" division also underpins the company's claim to be the best service partner for print shops in the print media industry. "We will expand our service portfolio and, in addition to our current range of services and Heidelberg spare parts, we will also strengthen our services in the areas of Saphira consumables, Prinect software and integration, and consultancy for print media companies," continued Schreier.