Heidelberg invests in digital packaging printing
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Full acquisition of Gallus Holding AG, Switzerland.
- Capital increase against contribution in kind by up to 23,000,000 shares from authorised capital by contribution of the stake in Gallus Holding AG held by Ferd. Rüesch AG
- Strategic cooperation of the two companies reaches next level
- Ferdinand Rüesch becomes new anchor investor of Heidelberg
- Enhanced capital structure as starting point for portfolio adjustments
The management board (Vorstand) of Heidelberger Druckmaschinen AG (Heidelberg) has resolved with the approval of the supervisory board (Aufsichtsrat) to carry out a capital increase against contribution in kind from authorised capital with the exclusion of the subscription rights. For such purpose, Ferd. Rüesch AG, Switzerland, a company controlled by Ferdinand Rüesch, will contribute its 70 % stake in Gallus Holding AG, Switzerland, as contribution in kind into Heidelberger Druckmaschinen AG against the issue of new shares. After the completion of the transaction, Heidelberg will directly and indirectly hold 100 % of the shares in Gallus Holding AG. Gallus is a leading supplier in the packaging industry for labels and folding boxes. In 2013, the Group generated a turnover of CHF 188 million with approx. 500 employees.
Source: http://www.heidelberg.com/
