Agfa, Aurelius ink agreement for sale of Offset Solutions division printweek.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from printweek.in Daily Mail and Mail on Sunday newspapers.
Agfa and Global Graphics expand cooperation Wednesday, May 12, 2021
Agfa said the alliance was a logical next step
Agfa already has an existing cooperation with Global Graphics for RIP technology.
The new arrangement is specific to Agfa’s Offset Solutions division, which will gain access to Hybrid’s “technological know-how and full product portfolio” with a particular focus on packaging.
The manufacturer’s existing software solutions for packaging and labels include Apogee Prepress workflow, Arziro security design and authentication, and PressTune print standardisation tools.
Hybrid’s product range is focused on labels and packaging, and includes modular production workflow Cloudflow; Packz PDF editing software; and Stepz, which began life as a step-and-repeat package but now includes native PDF file corrections.
Agfa plans further restructure at offset wing Jo Francis Thursday, January 21, 2021
Agfa intends to further restructure its printing business with plans to make its Offset Solutions wing a separate legal entity and streamline its product range.
Agfa: group profitability affected by ongoing issues in the offset printing industry
Offset Solutions includes printing plates and film and its last full year results, for 2019, was Agfa’s largest business unit with sales of €843m (£746m), accounting for 38% of sales at the €2.24bn turnover group.
Prior to the Covid-19 pandemic Agfa had been wrangling with a number of challenges at the division, which was Agfa’s only business unit not to deliver underlying profit growth in 2019. Adjusted EBITDA at Offset Solutions fell from €41m to €16.5m and the unit made a €1.4m loss at the adjusted EBIT level.