Agfa-Gevaert Group enters into exclusive negotiations for the sale of a part of its HealthCare IT activities to Dedalus Holdi...
02 December 2019 - 6:30PM
Agfa-Gevaert Group enters into exclusive negotiations for the sale
of a part of its HealthCare IT activities to Dedalus Holding S.p.A.
- Regulated information
Mortsel, Belgium – December 2, 2019 – 8.30 a.m. CET
As announced on May 14, 2019, the Board of Directors decided to
investigate the sale of a part of Agfa HealthCare in the framework
of the Agfa-Gevaert Group’s transformation process.
Today, the Agfa-Gevaert Group announces that it has entered into
exclusive negotiations with Dedalus Holding S.p.A. to sell a part
of its HealthCare IT business (the “Business”). The Business
consists of the Healthcare Information Solutions and Integrated
Care activities, as well as the Imaging IT activities to the extent
that these activities are tightly integrated into the Healthcare
Information Solutions activities. This is the case mainly in the
DACH region, France and Brazil.
The proposed transaction is subject to customary employees’
consultations, regulatory approvals and closing conditions. It is
expected that, upon positive conclusion of the negotiations, the
transaction will be completed in the course of Q2 2020.
As a result of this transaction, Dedalus Holding S.p.A. would
acquire 100% of the Business at an enterprise value of 975 million
Euro, subject to regular working capital and net debt
adjustments.
Christian Reinaudo, CEO of the Agfa-Gevaert Group, said: “The
expected sale of the Business, which generates around 260 million
Euro of full year revenues, will represent another milestone in our
transformation process. We are looking forward to this important
step. We believe that under Dedalus Holding S.p.A.’s ownership, the
Business will continue to develop into a leading pan-European
player in the HealthCare IT market. Going forward, Agfa HealthCare
will focus on Imaging IT Solutions, continuing on its strategic
track to deliver superior value to its customers, led by its
flagship Enterprise Imaging platform. It is our ambition to grow
revenues and raise the EBITDA margin performance over time from
today’s mid-single digit percentage of revenues to a double digit
level.”
This announcement contains inside information.
About Agfa The Agfa-Gevaert Group develops, manufactures and
distributes an extensive range of analogue and digital imaging
systems and IT solutions, mainly for the printing industry and the
healthcare sector, as well as for specific industrial
applications.
Agfa’s headquarters and parent company are located in Mortsel,
Belgium.
The Agfa-Gevaert Group achieved a turnover of 2,247 million euro
in 2018.
Contact:
Viviane Dictus
Director Corporate Communications
tel. ++32 0 3 444 7124
e-mail: viviane.dictus@agfa.com
About Dedalus
Founded in 1990 in Florence, Dedalus, with over 2.000 employees,
of which 1.200 in Italy, 550 in France and teams in 25 countries,
is an international industrial group in the healthcare software
industry specialized in the segment of diagnostic and clinical
management solutions (HCIS), GPs and Primary care management,
Interoperability and Population health management.
In 2016, the European Private Equity Fund Ardian acquired the
60% of the Dedalus Group boosting its international expansion and
strengthening the R&D activities, which is now composed by more
than 600 people.
Today, Dedalus exploits the full functional coverage of all ICT
needs of any healthcare system, not limited to hospital systems,
both public and private. In the last three years, Dedalus has
totally renewed its offering, by addressing the state of art of
paradigm in terms of technology and functionalities to anticipate
the evolution of the clinical practice at the base of the change
management of different healthcare system that in many countries
are rethinking their organizations.
With more than 130 million euros of revenues in Italy, more than
60 million euros in France and globally more than 210 million
euros, Dedalus is one of the leading global players in the sector
and holds a leading position in Europe.
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