Global Graphics: proposed acquisition of Hybrid Software Group
Print Solutions Packaging Solutions
Global Graphics has announced that it has entered into a binding conditional agreement with Congra Software Sàrl for the proposed acquisition of the entire issued share capital of Hybrid Software Group Sàrl.
Hybrid Software is a group of software development and marketing companies focused on enterprise software for the graphic arts industry, with a strong focus on labels and packaging. The company is registered in Luxembourg and has subsidiaries in Belgium, Germany, Italy, France and the USA.
Hybrid Software’s two main product lines, Cloudflow and Packz, offer an innovative set of advantages that include native PDF workflow and editing, variable data linking and imposition, vendor independent solutions based on industry standards, scalable technology and low total cost of ownership. These products are used by more than 1000 customers worldwide in all areas of pre-press and printing, including labels and packaging, folding cartons, corrugated, and wide format.
Guido Van der Schueren, chairman of Global Graphics PLC, explains the rationale behind the proposed acquisition. ‘Combining Global Graphics and Hybrid Software will create the foremost enterprise software supplier for digital printing, as well as for traditional label and packaging market segments and I am proud to announce it to the industry. The DNA of both companies is similar – customer focused innovation in graphic arts and industrial inkjet – and there is a strong existing relationship and a great fit between Hybrid Software and the Global Graphics companies: Global Graphics Software, Meteor Inkjet, and Xitron.
‘The combined company will total more than 250 dedicated employees with a wealth of experience in software and hardware development, but our mission will remain unchanged: developing innovative solutions for both end users and OEM suppliers. Hybrid Software has also established a successful recurring revenue model based on SaaS and subscription licensing, something that Global Graphics’ customers are asking for as well. I look forward to concluding the transaction at the beginning of 2021 and to a very bright future for the new company.’
Mike Rottenborn, Global Graphics’ CEO, added: ‘This proposed acquisition is strategically important for our future growth. With Hybrid Software on board, Global Graphics will be able to offer premium products like packaging editors and production workflow solutions to end users, in addition to continuing our focus on innovative solutions for our OEM partners. While Global Graphics already supplies technology to the labels and packaging market, we will be able to increase our focus on packaging with the acquisition; the labels and packaging segment is the fastest growing in the printing industry and an area in which Hybrid Software has specialised knowledge. It also has feet on the ground across Europe, Asia, and the Americas to facilitate OEM and end user sales. And we recognise that the way in which we do business would benefit by introducing new models, including SaaS and subscriptions. These are business models that our existing customers have requested and that Hybrid Software offers to its customer base. Its expertise in this area will be valuable to us as we roll out these new initiatives across Global Graphics.’
The acquisition remains conditional upon, amongst other customary conditions, the passing of a shareholder resolution at a forthcoming general meeting of Global Graphics to be held on 8 January 2021.