Over 3 years on from its original €92m (AUD$160m) sale of its Offset Solutions business to Aurelius Group - first announced in August 2022, with the complex carve-out eventually completed in April 2023 - the Agfa-Gevaert Group has finally received an independent expert report regarding the outstanding receivable under the share purchase agreement.
At the end of Agfa’s 2024 financial year-end the outstanding amount owed was €31.4m, and Aurelius had disputed €19.1m of the amount. In April 2025, Aurelius also paid €5.9m of the undisputed part of the total outstanding receivable. The expert report determined that the price adjustment amount should be €14.7m. Based on this report Agfa will now receive two payments: €14.7m (from the disputed part) and €5.2m from the undisputed part, making €19.9m in total. The payments are due within 15 days.
Pascal Juéry, CEO of the Agfa-Gevaert Group, says: “We are very satisfied that, more than three years after the announcement of the sale transaction, we can finally close this chapter. We can now fully focus on the ongoing transformation of the company, for which the amount we are about to receive will be deployed.”
Under the terms of the share purchase agreement with Aurelius Group, the Agfa-Gevaert Group will continue to provide certain consumables (including film) and services to its former division.
In 2022, the Agfa-Gevaert Group (including the Offset Solutions division) realised a turnover of €1,85bn (over AUD$3.2bn) and the Offset Solutions was Agfa’s biggest division at the time, with sales of €748m (>AUD$1.2bn).
