Mortsel, November 3, 2004
. Agfa-Gevaert announces that the divestiture of its Consumer Imaging business was closed as of November 2nd, 2004. The photographic film, finishing and lab equipment activities will, as of this date, be continued by a company, named AgfaPhoto, which operates completely independent from Agfa.
All relevant assets and liabilities have been transferred to AgfaPhoto GmbH as well as approximately 2,860 employees and the transaction closed as planned.
Agfa wishes AgfaPhoto, its customers and its employees a lot of success in the future.
About Agfa
The Agfa-Gevaert Group is one of the world's leading imaging companies. Agfa develops, manufactures and markets analogue and digital systems, intended mainly for the graphic and healthcare markets.
Agfa's headquarters are in Mortsel, Belgium. The company is active in 40 countries and has agents in another 100 countries throughout the world. Together they achieved a turnover of 4,215 million Euros in 2003.
Product and company information can be found on Agfa's home page on the World Wide Web at: www.agfa.com.
About AgfaPhoto
In November 2004, AgfaPhoto -as an independent company- took overAgfa-Gevaert's business group Consumer Imaging. In 2003, sales of Consumer Imaging reached 870 million Euros. AgfaPhoto will continue and further develop the present activities of Consumer Imaging. Among other things, AgfaPhoto develops, manufactures and markets film, digital storage media, analogue and digital lab equipment for the retail and industrial photofinishing segments, internet photoservices, photographic papers and chemicals.
The operational headquarters are AgfaPhoto GmbH, based in Leverkusen, Germany. AgfaPhoto has approximately 2,860 employees and is active throughout the world via its subsidiaries in 27 countries.
Product and company information can be found on AgfaPhoto's website : www.agfaphoto.com.
Contact:
Anne Vleminckx
Agfa-Gevaert
Director Corporate Communication
tel. ++32 (0)3/444.59.27
fax ++32 (0)3/444.44.85
