Agfa Completes Sale of Its Offset Solutions Division to AURELIUS Group; Company Renamed ECO3
The Agfa-Gevaert Group has successfully completed the sale of its Offset Solutions division to the alternative investment firm AURELIUS Group.
Under the terms of the share purchase agreement with AURELIUS Group, the Agfa-Gevaert Group will continue to provide certain consumables (including film) and services to its former division.
“The sale of our Offset Solutions division is an important step in our transformation journey. I want to thank all Offset Solutions employees for their professionalism, dedication and loyalty over the years and wish them all the best in the future. I am confident that with AURELIUS, they will continue a track record of innovation and leadership. In turn, this transaction will allow Agfa to focus on other growing market segments, which is crucial for our future success,” said Pascal Juéry, President and CEO of the Agfa-Gevaert Group.
ECO3 Launched as New Name for Former Agfa Offset Solutions
ECO3 is one of the leading global suppliers of prepress solutions to the offset printing industry. The company is present across all steps of the prepress value chain, offering a portfolio of offset plates, graphic film, equipment & services, as well as software and chemicals. Under the new ownership of AURELIUS, the business will have the same organizational structure and customer-facing sales and service teams.
Frederik Dehing, Global Head of Sales, clarifies: "While our brand, logo and colors change, nothing will change for our customers. They can continue to rely on their trusted account manager and service engineer, on the innovative product portfolio they buy from ECO3 and on the highest value in product and service. Hence our tagline: You Print. We Care."
With direct sales and service organizations in more than 30 countries, with manufacturing capacity in Europe, the Americas and Asia, and with the strong support of AURELIUS, ECO3 is committed to drive existing and new business initiatives forward in a sustainable manner.
Global Head of Technology & Marketing, Joan Vermeersch concludes: "ECO3 perfectly summarizes what we stand for: we are committed to continuous innovation in product and service and focus on three times ECO: Ecology, Economy, and Extra Convenience — or ECO3. The dynamic logo expresses the agility of the company going forward, with the new corporate colors - CMYK - being a tribute to our industry".
The new brand name will gradually come into effect.
The preceding press release was provided by a company unaffiliated with Printing Impressions. The views expressed within do not directly reflect the thoughts or opinions of the staff of Printing Impressions.