The Agfa-Gevaert Group has completed the 92m Euro ($A150m) sale of its Offset Solutions division to investment firm Aurelius Group. The deal will allow Agfa to "focus on other growing market segments,” including its Sign & Display business.
Under the terms of the share purchase agreement with Aurelius Group, Belgium-based Agfa-Gevaert Group will continue to provide certain consumables (including film) and services to its former division.
“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.”
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The Agfa-Gevaert Group holds three divisions: Radiology Solutions, HealthCare IT and Digital Print & Chemicals. In 2022, the Group (including the Offset Solutions division) realized a turnover of 1,857 million Euro.