Heidelberg completes Gallus takeover

The full acquisition of Gallus by Heidelberg has now been completed, with the takeover first announced earlier this year.

The full acquisition of Gallus by Heidelberg 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 EUR. By issuing the new shares, the share capital of the company will be increased by 58,880,000 EUR to 659,040,714.24 EUR.

Heidelberg said the takeover of Gallus Holding AG accelerates the development and usage of its digital products 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 at the end of September. This product is designed to meet the growing demand for a cost-effective production of short runs and customized labels.

With this move, Heidelberg said it is implementing efforts to expand its digital business based on partnerships with renowned manufacturers such as Ricoh and Fujifilm.

By acquiring approximately nine 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.