Print Media Academy in Heidelberg to be sold to investment company

Location of Print Media Academy in Heidelberg, Germany.

Heidelberger Druckmaschinen AG (Heidelberg) consistently pursues the implementation of its strategic agenda: as part of the planned site and structure optimization measures, the company sells the Print Media Academy (PMA) in Heidelberg to a company from Luxembourg investment. A corresponding purchase contract has been signed. The sale paves the way for a new prospective use of the building at a central city location. Heidelberg hits a purchase price in the low double-digit million euro range. As an agile and modern company, Heidelberg is committed to short distances and efficient use of space. This means that the employees are as close as possible to the central location in Wiesloch / Walldorf. With this in mind, Heidelberg had already transferred the few employees who still worked at PMA to Wiesloch / Walldorf in 2020.

“For us, selling PMAs is the next logical step on our agenda. We are aware that the sale has a signal effect: However, in the future we will remain closely linked to the city as well as to the region. time, we are convinced that the change of ownership will open up new and diverse perspectives for the city and the local population ”, said Rainer Hundsdörfer, CEO of Heidelberger Druckmaschinen AG. “With the proceeds from the sale, we can once again strengthen our liquidity in the still challenging Covid 19 environment and further increase our long-term financial stability through future cost savings. “

Heidelberg will keep its headquarters and representative office in leased premises from the PMA and will therefore continue to make decisions about the business in the city, including at committee meetings held there.

Source: Heidelberg

The previous press release was provided by a company not affiliated with Printing fingerprints. The views expressed do not directly reflect the thoughts or opinions of staff at Printing fingerprints.


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