Agfa receives final expert ruling on receivable related to sale of Offset Solutions division to Aurelius
Globenewswire·2026-01-16 17:30

Core Viewpoint - Agfa has received a final expert ruling regarding the outstanding receivable from the sale of its Offset Solutions division to Aurelius Group, allowing the company to focus on its ongoing transformation [1][4]. Group 1: Sale Agreement and Receivables - In August 2022, Agfa signed a share purchase agreement with Aurelius Group for the sale of its Offset Solutions division [2]. - By year-end 2024, the total outstanding receivable related to the purchase price adjustment was 31.4 million euro, with 19.1 million euro disputed by Aurelius [2]. - Aurelius paid 5.9 million euro of the undisputed part of the total outstanding receivable in April 2025 [2]. Group 2: Expert Determination and Payment - The independent expert determined the price adjustment amount to be 14.7 million euro, which triggers the payment of an additional 5.2 million euro of the undisputed part [3]. - Payments are due within 15 business days following the expert's determination [3]. Group 3: Company Focus and Future Plans - Pascal Juéry, CEO of Agfa-Gevaert Group, expressed satisfaction with the resolution of the sale transaction, indicating that the company can now concentrate on its ongoing transformation [4]. - The amount received from the sale will be utilized for the company's transformation efforts [4]. Group 4: Company Overview - Agfa-Gevaert Group is a leading company in imaging technology and IT solutions, with over 150 years of experience [4]. - The Group operates three divisions: Radiology Solutions, HealthCare IT, and Digital Print & Chemicals, and reported a turnover of 1,138 million euro in 2024 [4].