M & A

Heidelberger Druck: more service potential

Heidelberger Druckmaschinen AG intends taking over the European concern Printing Systems Group (PSF) based in the Netherlands, and so has negotiated an agreement with CoBe Capital, an investment company. With this first takeover after a lengthy moratorium the SDax-listed company aims to broaden its service business with equipment and consumable material, and pursue its restructuring programme. This takeover is expected to accrue an increase in the printing machine manufacturer’s turnover by some 130 million Euros. The parties have not disclosed the cost of the transaction. Furthermore, Heidelberger Druck declines even to comment on the profitability of the subsidiary companies. The deal is still pending official authorisation.

Takkt: fast banners

SDax-listed Takkt AG, has purchased a US printing company that specialises in custom printing promotional materials. The producer of shopfittings is paying approximately 16.5 million US dollars for the Post.Up group in two instalments plus a variable amount of up to13.5 million dollars that will depend on the company’s performance over the next three years. The first instalment of roughly 15 million dollars will become due when the deal is signed, and the remaining 1.5 million dollars along with the variable amount in 2018. Post-Up’s Stand display provides Takkt with the completion of its product range. According to Takkt’s management the American specialist mail order company is so highly skilled in the techniques of digital printing that it features same-day shipping for custom printed orders. The catalogue of the newly acquired subsidiary company boasts every kind of display system such as the trade-fair mobile Roll-Up display stand and advertising banners.