Agfa-Gevaert Recovers 13 Million Euros Following Dispute Over Offset Division Sale
On March 31, 2026, Agfa-Gevaert announced the settlement of a dispute concerning price adjustments and outstanding claims from the sale of its Offset Solutions division in 2022. The Belgian group received a net payment of 13.0 million euros.
Comprehensive Settlement Agreement Reached
In March 2026, Agfa-Gevaert and the buyer ECO3 finalized a comprehensive settlement agreement resolving the purchase price adjustment and related claims from the sale of the Offset Solutions division. In January 2026, an independent expert had determined a price adjustment amount of 14.7 million euros. As of December 31, 2025, the total outstanding credit amounted to 17.9 million euros, consisting of the price adjustment, a remaining debt amount of 5.2 million euros, after deducting 2 million euros already paid. Both the buyer and ECO3 had contested the conclusions of the expert report and their payment obligations.
Net Payment of 13 Million Euros Received
On March 31, 2026, Agfa received a net cash payment of 13.0 million euros. This amount represents the 17.9 million euros of outstanding claims reduced by agreed deductions of 4.9 million euros related to other claims. These deductions involve German and Brazilian tax claims and other warranty elements. The parties also discussed separate indemnity claims, including tax issues, which were addressed in the settlement.
Agfa-Gevaert Retains Control of Underlying Tax Proceedings
Agfa-Gevaert maintains control over the underlying tax proceedings. The future outcomes of these proceedings will have their economic effects or will be borne by Agfa. The announcement does not specify the timeline for executing these tax proceedings or the assessment of potential amounts involved.
