Settlement agreement and payment related to the sale of the Offset Solutions division
Globenewswire·2026-03-31 15:40

Core Viewpoint - Agfa-Gevaert Group has successfully reached a settlement regarding the purchase price adjustment and other claims related to the sale of its Offset Solutions division, allowing the company to focus on its ongoing transformation [1][3]. Group 1: Settlement Agreement - The settlement agreement addresses a purchase price adjustment of 14.7 million euro and a remaining debt payment of 5.2 million euro, resulting in a total outstanding receivable of 17.9 million euro as of December 31, 2025 [2]. - The purchaser and ECO3 disputed the expert report's conclusions and their payment obligations, alongside ongoing discussions about separate indemnity claims, including tax-related matters [2]. Group 2: Financial Details - On March 31, 2026, Agfa received a net cash payment of 13.0 million euro, which reflects the outstanding receivable of 17.9 million euro after deductions of 4.9 million euro related to other claims, including tax claims from Germany and Brazil [3]. - Agfa retains control over the underlying tax procedures, with future outcomes from these cases economically accruing to or being borne by Agfa [3]. Group 3: Company Focus - CEO Pascal Juéry expressed satisfaction with the receipt of outstanding payments, indicating that the closure of this chapter allows the company to concentrate fully on its transformation efforts, utilizing the funds received [4]. - Agfa-Gevaert Group is a prominent player in imaging technology, with a turnover of 1,086 million euro in 2025, and has nearly 160 years of experience in developing systems for various sectors, including healthcare and industrial applications [4].

Settlement agreement and payment related to the sale of the Offset Solutions division - Reportify