Heidelberg Completes Acquisition of Gallus Holding, Bolsters Label Business Offerings
HEIDELBERG, GERMANY—August 18, 2014—The full acquisition of Gallus Holding as resolved by the Management Board of Heidelberger Druckmaschinen in June 2014 has now been completed. As part of the transaction Ferd. Rüesch has been granted 23,000,000 new Heidelberg shares at a face value of € 2.70. By issuing the new shares, the share capital of the company will be increased by € 58,880,000.00 to € 659,040,714.24, divided into 257,437,779 no-par value bearer shares.
The complete takeover of Gallus Holding accelerates the development and usage of digital products from Heidelberg in the growing labels sector. Heidelberg and Gallus will be unveiling a new digital printing system for the label market that incorporates Fujifilm technology at an international customer event in St. Gallen, Switzerland, at the end of September. This solution is designed to meet the growing demand for a cost-effective production of short runs and customized labels. With this move, Heidelberg is consistently implementing efforts to expand its digital business based on partnerships with renowned manufacturers such as Ricoh and Fujifilm.
By acquiring approximately 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.