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Heidelberger Druckmaschinen AG: Heidelberg acquires European Group PSG - Seite 2
the Press Lounge of Heidelberger Druckmaschinen AG at www.heidelberg.com.
Contact:
Heidelberger Druckmaschinen AG
Corporate Public Relations
Thomas Fichtl
Phone: +49 (0)6222 82-67123
Fax: +49 (0)6222 82-67129
E-mail: thomas.fichtl@heidelberg.com
Investor Relations
Robin Karpp
Phone: +49 (0)6222 82-67120
Fax: +49 (0)6222 82-99 67120
E-Mail: robin.karpp@heidelberg.com
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Information and Explaination of the Issuer to this News:
Heidelberg acquires European Group PSG
* Investment in growth segments of services and consumables
* Strong market position for equipment and consumables business
* Integration boosts Heidelberg Group sales by some EUR130 million
* Key portfolio component for sustained profitable growth
Heidelberger Druckmaschinen AG (Heidelberg) today signed an agreement with
investment company CoBe Capital for Heidelberg to acquire the European
Printing Systems Group (PSG) headquartered in the Netherlands. Both parties
have agreed that the purchase price will remain confidential. Through this
acquisition, Heidelberg is significantly expanding its services and
consumables business.
With around 400 employees in the Benelux countries and southern Europe, PSG
benefits from established structures in the printing industry and a strong
market position. Its partnership with Heidelberg dates back decades. PSG
already generates over half of its sales through the sale of services and
consumables, which means it meets the target criteria set by Heidelberg for
a future sales structure. Heidelberg products account for the majority of
the company's equipment sales. Integrating PSG into Heidelberg will ensure
the customer base continues to enjoy the best possible support.
'PSG's strength in the services and consumables business and its
outstanding access to customers are very attractive to us,' said Heidelberg
CEO Gerold Linzbach. 'Having eliminated unprofitable portfolio items, we're
now starting to actively expand our portfolio in order to return the
company to growth,' he added.
The acquisition of PSG is a further milestone for Heidelberg in its
strategy of further promoting stable, high-margin services and consumables
business. This has involved creating broader market access by taking over
dealership networks and gradually expanding the product portfolio by
acquiring local manufacturers of consumables. The acquisition of the PSG
Robin Karpp
Phone: +49 (0)6222 82-67120
Fax: +49 (0)6222 82-99 67120
E-Mail: robin.karpp@heidelberg.com
---------------------------------------------------------------------------
Information and Explaination of the Issuer to this News:
Heidelberg acquires European Group PSG
* Investment in growth segments of services and consumables
* Strong market position for equipment and consumables business
* Integration boosts Heidelberg Group sales by some EUR130 million
* Key portfolio component for sustained profitable growth
Heidelberger Druckmaschinen AG (Heidelberg) today signed an agreement with
investment company CoBe Capital for Heidelberg to acquire the European
Printing Systems Group (PSG) headquartered in the Netherlands. Both parties
have agreed that the purchase price will remain confidential. Through this
acquisition, Heidelberg is significantly expanding its services and
consumables business.
With around 400 employees in the Benelux countries and southern Europe, PSG
benefits from established structures in the printing industry and a strong
market position. Its partnership with Heidelberg dates back decades. PSG
already generates over half of its sales through the sale of services and
consumables, which means it meets the target criteria set by Heidelberg for
a future sales structure. Heidelberg products account for the majority of
the company's equipment sales. Integrating PSG into Heidelberg will ensure
the customer base continues to enjoy the best possible support.
'PSG's strength in the services and consumables business and its
outstanding access to customers are very attractive to us,' said Heidelberg
CEO Gerold Linzbach. 'Having eliminated unprofitable portfolio items, we're
now starting to actively expand our portfolio in order to return the
company to growth,' he added.
The acquisition of PSG is a further milestone for Heidelberg in its
strategy of further promoting stable, high-margin services and consumables
business. This has involved creating broader market access by taking over
dealership networks and gradually expanding the product portfolio by
acquiring local manufacturers of consumables. The acquisition of the PSG
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