Breaking News

Heidelberg announces full acquisition of Gallus

June 10, 2014

The full acquisition of Gallus is centered around developing the growing market for digital label production.

Germany-based printing press manufacturer Heidelberger Druckmaschinen AG (Heidelberg) has announced it will take ownership over the 70 percent of shares in St. Gallen, Switzerland-based label press maker Gallus it does not already own. Swiss group Ferd. Rueesch AG, the previous owner of Gallus, will become its new anchor investor acquiring about a 9% stake, and will contribute its 70 percent stake in Gallus as contribution in kind against the issue of new Heidelberg Druck shares.

The planned complete takeover of Gallus accelerates the development and use of Heidelberg's digital products in the growing labels sector. Later this year, Heidelberg and Gallus will be unveiling a new digital printing system for the label market that incorporates Fujifilm technology. At the same time, Heidelberg is strengthening its capital structure, which will support the company's strategic reorientation.

After the completion of the transaction, Heidelberg will directly and indirectly hold 100 percent of the shares in Gallus Holding AG. In 2013, the Gallus Group generated a turnover of CHF 188 million with approximately 500 employees.

In addition, Heidelberg agreed to pay a single-digit million euro amount in cash to
Ferdinand Rüesch
 Ferdinand Rüesch.

"We are very proud to have won Ferdinand Rüesch as anchor investor with long-standing sector knowledge," says Heidelberg CEO Gerold Linzbach. "The full acquisition of Gallus will further enhance the cooperation of the two companies. Together, we will continue to foster the development in the growing market for digital label production."

Dirk Kaliebe, CFO at Heidelberg, comments, "Both, the enhanced capital structure and the operative synergies will create the room required to further enhance the product and service range of both companies. This is the starting signal for the profit focused alignment of our portfolio and the steps required in this context."

Related Equipment:

Related Technology:

Related Markets:

blog comments powered by Disqus
  • New press debuts at Gallus Innovation Days

    New press debuts at Gallus Innovation Days

    Greg Hrinya, Associate Editor||September 26, 2016
    The Gallus Labelmaster capitalizes on expertise from parent company Heidelberg, building on the Speedmaster offset platform.

  • EskoWorld 2016 provides drupa report

    Greg Hrinya, Associate Editor||September 22, 2016
    “Digital was a very clear and striving theme across drupa, and more specifically inkjet,” said Jan de Roeck

  • Dollars and sense at Labelexpo

    Dollars and sense at Labelexpo

    Steve Katz, Editor||September 20, 2016
    Suppliers seem aware of the crowded digital press marketplace and the trepidation of the cost-concious first time buyer.

  • Platemaking Equipment

    Platemaking Equipment

    Greg Hrinya, Associate Editor||September 7, 2016
    Automation, consistency and digital technology have transformed this market.

  • The North American Label Market

    The North American Label Market

    Steve Katz, Editor||September 7, 2016
    Gains are being made across the board.

  • Getting Educated at Labelexpo

    Getting Educated at Labelexpo

    Steve Katz, Editor||September 7, 2016
    With a wide range of presentations, expert-led master classes and machinery demonstrations, there is no shortage of learning