Agfa Discussing Sale with Potential Buyer

PrintAction Staff
October 31, 2016
By PrintAction Staff
Agfa-Gevaert NV released a public statement that has been approached by CompuGroup Medical SE to purchase all of the issued shares of Agfa by way of a voluntary conditional public takeover offer. The statement comes amid a report by Belgian financial paper De Tijd that Agfa has been in talks with a potential buyer.

Based in Mortsel, Belgium, Agfa notes there is no certainty as to whether a public offer for all issued and outstanding shares of Agfa will materialize.

The Board of Directors of Agfa, together with its financial and legal advisors, are evaluating CompuGroup’s expression of interest. The company states it is taking into account the interests of its shareholders and other stakeholders.

CompuGroup Medical of Germany is one of the largest eHealth companies in the world with a presence in more than 40 countries. With a revenue base of more than EUR 500 million ($736 million in Canadian dollars), its software products are designed to support all medical and organizational activities in doctors’ offices, pharmacies, laboratories and hospitals.

Agfa is a much larger company, with approximately 10,000 employees, generating more than EURO 2.5 billion in annual revenues, including just over 50 percent from its graphics communications operations, with slightly more than 40 percent coming from health care interests.

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