Agfa Graphics Intends to Acquire Prepress Business of Ipagsa

Agfa Graphics announced that it intends to acquire the prepress business of the privately-owned Spanish printing plate supplier Ipagsa Industrial S.L.
 
The transaction excludes the printing plate manufacturing activities in Barcelona, Spain. The printing plate volumes to be acquired will be partly integrated in Agfa’s global manufacturing network and partly procured from third party suppliers. It is expected that in 2019, this acquisition will contribute up to €30 million to Agfa Graphic’s top line with a double digit EBITDA.
 
‘’This acquisition is another step in our strategy for profitable growth. Next to a significant increase of our prepress top line, the acquisition will also help Agfa achieving its EBITDA target of 10% in average over the next few years. Ipagsa’s experienced team will continue to operate under its own brand as a separate entity, managed by its current owner, Lorenzo Ferrari,’’ said Stefaan Vanhooren, president of Agfa Graphics.