In yet another step, Heidelberg has sold the 20,000 sqm Gallus headquarters site at St Gallen to Halg Group, as part of the reorganisation. The St. Gallen entrepreneurs Marcel and Roger Baumer, owners of Halg Group, will develop the St Gallen property into an open industrial and technology with Gallus as an anchor tenant, which Gallus will develop a competence centre for digital label printing.

"With targeted investments in the Gallus Group, we want to gain further momentum in the growing label market," said Dr Ludwin Monz, CEO of Heidelberg. "The reorientation of our site in St Gallen into a competence centre for digital label printing underlines the high strategic importance for Heidelberg in the packaging sector. We welcome, that the commitment of entrepreneurs Marcel and Roger Baumer will create an innovative environment in St Gallen from which we can also benefit."

Heidelberg has signed the purchase and long-term lease agreement, and expects the transaction to be completed in the first quarter of the 2022/23 financial year. The parties have agreed not to disclose the purchase price.

Heidelberg said, the expansion of the digital printing portfolio will be accompanied by comprehensive innovations in equipment, service, software and ink. A total of around 160 people work in St Gallen, including business and R&D management as well as finance, sales, service, marketing and purchasing. The new office infrastructure and the Experience Centre will be reorganised in the main building of the site.