June 24, 2022

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Technology Forever

Worldwide Graphics PLC completes acquisition of HYBRID Application Group

Cambridge (British isles) – Global Graphics PLC announces that it has productively completed its acquisition of the HYBRID Software program Group S.à r.l. (“HYBRID Software”) from Congra Software program S.à r.l (“Congra”) subsequent the passing of a shareholder resolution at a General Conference held on Friday 8th January 2021.

HYBRID Software is a group of software program development and advertising organizations concentrated on enterprise software for the graphic arts market, with a potent concentration on labels and packaging. It gets to be the fourth subsidiary firm in the World wide Graphics group and sits together with Global Graphics Application, Meteor Inkjet and Xitron.

The acquisition about doubles the sizing of the World-wide Graphics group of corporations in conditions of headcount, expanding the world wide workforce to all around 250 men and women. It provides numerous far more functioning locations to the team via HYBRID Software’s workplaces in Luxembourg, Belgium, Germany, Italy, France and the United states of america. World-wide Graphics commonly invests about just one third of its revenues into R&D each individual money 12 months and has a sturdy program improvement workforce, which is now expanded to much more than 75 engineers with the addition of HYBRID Software program.

International Graphics is committed to establishing software package and hardware options for graphics and industrial inkjet printing and has attained a standing for innovation, with several of its organizations remaining recognised with prestigious field awards and, in the scenario of the two Meteor Inkjet and Global Graphics Application, with the coveted Queen’s Award for Organization. It will go on to be a critical supplier of unique tools producer (“OEM”) know-how and, by HYBRID Software’s domain knowledge in labels and packaging, a client-focussed provider of remedies for print support vendors and converters as perfectly as OEMs.

Guido Van der Schueren, Chairman of International Graphics, claims, “This acquisition is a good in good shape strategically. It’s good news for our clients, our staff and our shareholders. We will continue to improve the value of the enterprise by supporting all our stakeholders and reaffirm our intention to keep on being a mentioned company. As the packaging business continues its migration to electronic printing, there are remarkable alternatives for World Graphics’ hardware and application alternatives, so bringing HYBRID Program into the group will help us mature our share in labels and packaging. Remarkable moments lie in advance as we launch new initiatives in response to consumer requires, ranging from ground breaking new items to subscription-centered licensing products.”

Global Graphics’ CEO Mike Rottenborn suggests, “This acquisition makes International Graphics more robust than the sum of its sections. Industry prerequisites are altering and it is essential for the foreseeable future advancement of the organization that we are positioned to react. Prospects are asking for much more performance and we are perfectly put to offer you a broader answer starting with a effective new digital entrance close for the labels and packaging phase. Assume to see new merchandise growth for the industrial inkjet marketplace way too, which, as it evolves and matures, demands a new technology of computer software and hardware capabilities. We’ll be in a position to get HYBRID Software’s know-how in file planning and company output workflow received in the labels and packaging segments and grow this out throughout all the field segments we provide.”

HYBRID Application has been an integrator of the Harlequin RIP® for a lot of a long time inside their CLOUDFLOW workflow item and in recent times has been doing work at a specialized level with World wide Graphics Computer software on the Fundamentals™ digital entrance end. Michigan-centered Xitron, also a long-standing buyer for the Harlequin RIP, is active in the business printing industry furnishing pre-press and digital remedies to OEMs. Its Navigator DFE supports push electronics from sister business Meteor Inkjet, a primary developer of printhead driver solutions for industrial inkjet programs. Together with Worldwide Graphics Software program, developer of the Harlequin RIP and other technologies elements for digital printing, the International Graphics team provides the sector a persuasive stack of remedies for graphics and industrial inkjet printing.

Thought for the acquisition of HYBRID Software was EUR 80 million which was satisfied in total by issuing 21,074,030 World Graphics shares to Congra.

For the year ended 31 December 2020, it is believed that HYBRID Software’s profits will be around EUR 17 million and EBITDA will be all-around EUR 5.5 million (matter to audit). HYBRID Program will be integrated in the group’s consolidated monetary statements with outcome from the reporting period that features the closing date of the acquisition, i.e. for the calendar year ending 31 December 2021, beginning with the condensed consolidated fiscal statements for the six months ending 30 June 2021. Even more data in respect of the acquisition can be located on the company’s web site at https://trader.globalgraphics.com/investors/hybrid-computer software-acquisition