Italy's Dedalus in exclusive talks to buy part of Agfa-Gevaert IT business (updated)

Agfa Gevaert NV

02/12/2019 14:29

(Adds deal value, CEO comment)
    MILAN, Dec 2 (Reuters) - Clinical healthcare software group
Dedalus is in exclusive talks to buy part of Belgium-based
Agfa-Gevaert's  AGFB.BR  healthcare information technology
business for an enterprise value of 975 million euros ($1.07
billion), the companies said on Monday.
    Last month, Germany's Compugroup Medical  COPMa.DE  and
Dedalus, 60% owned by private investment group Ardian, were
shortlisted for the business, which has annual revenue of 260
million euros.  urn:newsml:reuters.com:*:nL8N27K5PI
    Belgian digital imaging company Agfa announced plans to
carve out the healthcare IT activities as a standalone legal
entity in 2017 and began the process this year.  urn:newsml:reuters.com:*:nL5N2773WT
    Agfa Chief Executive Officer Christian Reinaudo said the
company expects that under Dedalus the unit will develop into a
leading pan-European player in the healthcare IT market.
    If the negotiations conclude positively, the deal is
expected to be completed in the second quarter of 2020, Agfa
said. 
    
($1 = 0.91 euros)

 (Reporting by Elisa Anzolin, additional reporting by Yadarisa
Shabong in Bengaluru; Editing by Maju Samuel)
 ((elisa.anzolin@thomsonreuters.com; 0039 0266129692;))