Ferd Rüesch, a Swiss company controlled by Ferdinand Rüesch, will contribute its 70% stake in Gallus Holding as contribution in kind into Heidel- berger Druckmaschinen — against the issue of new Heidelberg shares. Af-
ter the transaction, Heidelberger Druckmaschinen will hold directly and indi- rectly 100% of the Gallus Holding shares.
Ferdinand Rüesch will thereby hold approximately 9% of the shares of Hei- delberger Druckmaschinen and become an anchor shareholder. Since 1999, Hei- delberger Druckmaschinen held 30% of Gallus Holding and both companies co- operated closely in technology and sales. The planned complete takeover of Gal- lus Holding accelerates the development and use of Heidelberg’s digital products in the growing labels sector. In September of this year, Heidelberg and Gallus will be unveiling at the Gallus Innovation Days a new digital printing system for the la- bel market that incorporates Fujifilm technology.
We believe, the shareholding exchange will not affect Gallus as a whole be- cause the company 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 reelfed printing presses targeted for the label printer as well as on wide reelfed printing presses and diecutting machines for folding
carton converters.
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