It is expected that in 2019, this acquisition will contribute up to 30 million Euro 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,'' says Stefaan Vanhooren, President of Agfa Graphics.
“We are excited to become part of a strong player in the prepress industry. Through Ipagsa, Agfa Graphics will be able to better address the price sensitive regions and segments of the global printing market, making a clear distinction with the premium segment served by the Agfa Graphics organization,” says Lorenzo Ferrari, CEO of Ipagsa.