Heidelberg sells Print Media Academy
As part of its optimisation strategy, Heidelberg is selling its Print Media Academy (PMA). Located in the German city of Heidelberg, the building has been purchased by a Luxembourg-based investment company. A corresponding purchase agreement has been signed, with a purchase price in the low double-digit million-euro range.
Heidelberg has also already moved employees still working at PMA to Wiesloch/Walldorf in 2020, so that its staff are as close together as possible at the central site in Wies-loch/Walldorf.
"For us, the sale of PMA is the next logical step on our agenda. We are aware that the sale has a signal effect: However, we will remain closely connected to the city as well as the region in the future. At the same time, we are convinced that the change of ownership will open up new, diverse perspectives for the city and the local people," said Rainer Hundsdörfer, CEO of Heidelberger Druckmaschinen AG. "With the proceeds from the sale, we can once again strengthen our liquidity in the persistently challenging Covid 19 environment and further increase our financial stability in the long term through future cost savings."
Heidelberg will retain its headquarters and representative office in rented premises in the PMA and will therefore continue to make company-relevant decisions in the city, including at committee meetings held there.