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Heidelberg completes Gallus acquisition

August 18, 2014

Heidelberg and Gallus will be unveiling a new digital printing system for the label market that incorporates Fujifilm technology.

The full acquisition of Gallus Holding AG (Gallus) as resolved by the Management Board of Heidelberger Druckmaschinen AG (Heidelberg) in June 2014 has now been completed. As part of the transaction, Ferd. Rüesch AG 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 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 system is designed to meet the growing demand for a cost-effective production of short runs and customized labels. With this move, Heidelberg is implementing efforts to expand its digital business based on partnerships with 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.
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