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1 September 2022
AGFA Sells Offset Plate Division
BELGIAN—
Agfa has sold its Offset Solutions division to Aurelius Group in a €92m deal. Offset Solutions include offset printing plates, CTP systems, workflow software, pressroom chemicals, films, proofing media and it is Agfa’s biggest division. It had sales of €748m last year and reduced its adjusted loss from €21.9m to €6m. In 2021 Agfa restructured the Offset Solutions into a separate entity, which would facilitate a sale or merger of the operation.
Offset Solutions division employs about 1,700 and has plants around the world and sells into more than 75 countries.
Luxembourg-headquartered Aurelius Group has a wide companies including media and technology, chemicals, business services, consumer goods, food and beverage, and telecoms. It had total revenues of around €2.6bn in 2021.
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1. Former Customer says:
Our corporate office negotiated a deal with Agfa and made us switch from Kodak. Only lasted about a year as our employees complained of the smell when the plates were imaged. Not sure why they did but months later when we switched to Fuji, we had happy employees again. My only issue with them was the senior management in Canada. A bit of advice to them. You have good products so there is no reason to lie to your customers. Once you lose trust, you have lost that customer for ever.
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