Effective from December 10, 2008, Heidelberger Druckmaschinen AG
(Heidelberg) has sold all shares in the Swedish company IDAB WAMAC
International AB to Schur International a/s.
Schur has for a number of years through its subsidiaries
Schur Packaging Systems a/s in Horsens, Denmark and Schur
Palletiser AB in Eksjö, Sweden provided advanced mailroom,
distribution and palletiser solutions to the newspaper and
commercial printing industry worldwide. With the acquisition of
IDAB WAMAC, Schur will strengthen its position in the newspaper
Bernhard Schreier, CEO of Heidelberger Druckmaschinen AG
says: "We consequently focus on Sheetfed offset solutions. For
this reason we have opted for the transfer of IDAB WAMAC. We are
pleased to close this transaction even under the currently
challenging market conditions."
In Summer 2008 Heidelberg announced a comprehensive package
of measures designed to improve its cost situation and to optimize
its business organization. The sale of IDAB WAMAC has been effected
in line with this program.
Both parties have agreed not to disclose the conditions of
For further information, please contact:
Heidelberger Druckmaschinen AG
Tel.: +49 (0)6221 92 60 20
Fax: +49 (0)6221 92 51 89