Notice: Transfer of Shares of Subsidiaries and Related Service Business
Kyoto, Japan – April 20, 2022 – SCREEN Holdings Co., Ltd. hereby announces the signing of a share transfer agreement between SCREEN Holdings Group company SCREEN Graphic Solutions Co., Ltd. (SCREEN GA) and Belgium-based Agfa-Gevaert N.V., under which all shares of SCREEN Graphic Solutions Co., Ltd.’s wholly owned subsidiaries Inca Digital Printers Ltd. (UK) and SCREEN GP IJC Ltd. (UK), as well as its Inca Digital Printers Ltd.-related services business in the US will be transferred to Agfa-Gevaert N.V.
Going forward, SCREEN GA will continue to enhance its corporate value by accelerating growth in the digital printing fields of transaction / direct mail, publishing printing, commercial printing, flexible packaging as well as labels, and exerting synergistic effects with the recurring business.
1. Subject to transfer
Share transfer
(1) Trade Name | Inca Digital Printers Ltd. |
(2) Location | Cambridge, U.K. |
(3) Business description |
Develops, manufactures, and maintenance industrial inkjet printers for wide formats |
(1) Trade Name | SCREEN GP IJC Ltd. |
(2) Location | Cambridge, U.K. |
(3) Business description |
Development and manufacture of print engine for BHS Corrugated Maschinen- und Anlagenbau GmbH’s inline corrugator |
Business transfer
Inca Digital Printers Ltd.-related services business in the US under the control of SCREEN GP AMERICAS, LLC
2. Overview of transferee
(1) Trade Name | Agfa-Gevaert N.V. |
(2) Location | Mortsel, Belgium |
(3) Business description |
Develops, produces and distributes an extensive range of analog and digital imaging systems and IT solutions, mainly for the printing industry and the healthcare sector, as well as for specific industrial applications |
3. Transfer price
Not disclosed
4. Schedule
Final agreement assignment on April 19, 2022
Completion of transfer at the end of May 2022 (planned)
Contact about this News
SCREEN Holdings Co., Ltd.
Tel: +81-75-414-7131 URL: www.screen.co.jp/en/contact/info
Information contained in the news release are current on the date of publication, but may be subject to change without notice.