New perspectives for the Print Media Academy in Heidelberg

(PresseBox) ( Heidelberg, Germany, )
Heidelberger Druckmaschinen AG (Heidelberg) continues to systematically implement its strategic agenda: As part of the planned site and structural optimization measures, the company is selling the Print Media Academy (PMA) in Heidelberg to a Luxembourg-based investment company. A corresponding purchase agreement has been signed. The sale paves the way for a new, forward-looking use of the building at a central location in the city. Heidelberg is achieving a purchase price in the low double-digit million-euro range. As an agile, modern company, Heidelberg is committed to short distances and efficient use of space. This means that employees are as close together as possible at the central site in Wiesloch/Walldorf. With this in mind, Heidelberg had already moved the few employees still working at PMA to Wiesloch/Walldorf in 2020.

"For us, the sale of PMA is the next logical step on our agenda. We are aware that the sale has a signal effect: However, we will remain closely connected to the city as well as the region in the future. At the same time, we are convinced that the change of ownership will open up new, diverse perspectives for the city and the local people," says Rainer Hundsdörfer, CEO of Heidelberger Druckmaschinen AG. "With the proceeds from the sale, we can once again strengthen our liquidity in the persistently challenging Covid 19 environment and further increase our financial stability in the long term through future cost savings."

Heidelberg will retain its headquarters and representative office in rented premises in the PMA and will therefore continue to make company-relevant decisions in the city, including at committee meetings held there.

Important note

This press release contains forward-looking statements based on assumptions and estimations by the Management Board of Heidelberger Druckmaschinen Aktiengesellschaft. Even though the Management Board is of the opinion that those assumptions and estimations are realistic, the actual future development and results may deviate substantially from these forward-looking statements due to various factors, such as changes in the macro-economic situation, in the exchange rates, in the interest rates, and in the print media industry. Heidelberger Druckmaschinen Aktiengesellschaft gives no warranty and does not assume liability for any damages in case the future development and the projected results do not correspond with the forward-looking statements contained in this press release.
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