Herbert Meyer

HEIDELBERG, GERMANY--June 17, 2004--Heidelberger Druckmaschinen AG (Heidelberg) will transfer its web offset division (Web Systems) to Goss International. The two companies signed an according agreement, which is yet to be confirmed by the relevant European antitrust organizations. The transaction is expected to be closed within the next weeks. The deal includes the business areas of Commercial Web, Newspaper and, in the US, Finishing Systems for web offset machines. Heidelberg reportedly will hold a 15 percent share in Goss International, but the companies said they agreed not to disclose the financial specifics of the transaction. "By combining and restructuring activities, both companies are aiming for better

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