Heidelberger Druckmaschinen is poised to take a 100% share of Gallus in a move that will see the two companies working closer together in the digital label sector.
According to a joint statement released by the two companies, Ferdinand Rüesch, controller of Swiss-based Ferd. Rüesch AG, will be bringing his 70% of Gallus shares to Heidelberg, as a contribution in kind against the issue of new Heidelberg shares. This will make Mr Rüesch an anchor shareholder, with the ownership of 9% of Heidelberger shares.
As the company has already owned 30% of Gallus shares since 1999, it will now hold directly and indirectly 100% of the Gallus Holding AG shares.
The planned complete takeover of the company accelerates the development and use of Heidelberg’s digital products in the growing labels sector.
At the Gallus Innovation Days in September this year, the two companies will be unveiling a new digital printing system for the label market that incorporates Fujifilm technology.
Gallus will continue to operate under its brand name and under its current management. It will continue to focus on development, production, and sales and service of narrow reel fed printing presses targeted for the label printer as well as on wide reel fed printing presses and die-cutting machines for folding carton converters.
