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Article: Heidelberg Transfers Web Offset Division to Goss International; Companies Sign Contract; Heidelberg Holds 15 Percent Share in Goss.
- Article from:
- Business Wire
- Article date:
- June 17, 2004
CopyrightCOPYRIGHT 2004 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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HEIDELBERG, Germany -- Heidelberger Druckmaschinen AG (Heidelberg)(FWB:HDD) will transfer its web offset division (Web Systems) to Goss International. The two companies signed an according agreement, which is yet to be confirmed by the relevant European antitrust organizations. The transaction will be closed within the next weeks.
The transaction with Goss includes the business areas Commercial Web, Newspaper as well as, in the US, Finishing Systems for web offset machines. Heidelberg will hold a 15 percent share in Goss International.
The companies agreed not to disclose financial details of the transaction.
"This agreement is an important, ...