Agfa Graphics buys Gandi Innovations assets
Agfa Graphics has reached an agreement to acquire most of the assets of troubled Gandi Innovations LLC's North American operations and the shares of its principal foreign subsidiaries. The acquisition, which is subject to regulatory and court approval, seals the fate of Gandi Innovations which has been operating under CCAA protection in Canada and?
Chapter 15 in the USA since May this year. Agfa has not disclosed how much it is paying for the Gandi assets, though in a statement the company said the transaction "will have no major impact on Agfa's financial debt."