Agfa Graphics to acquire assets of Gandi Innovations Holdings

The acquisition is subject to regulatory and court approval and the successful closing of the transaction. The price of the transaction is not being disclosed at this point of time, but it will have no major impact on Agfa’s financial debt.

Over the period 2001-2009, Gandi Innovations has created a large installed base of inkjet printing engines, reaching a sales peak of 127 million USD in 2008. Sales in 2009 have strongly suffered from the economic crisis (affecting in particular investment goods) and the uncertainty surrounding the company. Gandi Innovations’ long established team has a wealth of pioneering expertise and engineering excellence in large format printing technology. Gandi Innovations’ customers include many of the world’s leading Point of Purchase and large format printing companies. Over the years, they have come to rely on the company’s vision, reliability and cutting-edge technology.

Gandi Innovations was founded in 2001 and has its headquarters and its production facilities in Mississauga (Canada). The Group employs 256 highly skilled staff and operates worldwide through sales offices and distributors.

Combined with recent announcements on Agfa Graphics’ :M-Press Tiger industrial flatbed inkjet press and the launch of new printing engines in the :Anapurna large format range, the acquisition of the assets of Gandi Innovations strengthens Agfa Graphics’ leadership in large format inkjet printing systems, the company said.