Heidelberg sells DOCUFY software to Elvaston Capital Management

As part of its continued focus on its cloud-based digitisation strategy in its core business, Heidelberg has announced that it has sold its software subsidiary DOCUFY to investment company Elvaston Capital Management.

DOCUFY is a provider of information management software that develops and sells high-quality software products and solutions as well as consulting and implementation services, training, and SaaS services.

In December 2019, Heidelberg had bundled its own peripheral software activities at DOCUFY, which complemented DOCUFY’s existing portfolio.

Heidelberg said this step will allow it to further advance its positioning in cloud and data-based software and the corresponding range of different products and services tailored to customers in its core business.

“As part of our portfolio analysis and concentration on our core activities, we have come to the conclusion that DOCUFY’s planned strategy for the future can be supported in a more targeted manner by a new partner,” Heidelberg CEO Rainer Hundsdörfer said.

“We are focusing our software activities on the expansion of cloud-based applications and platforms for the printing industry. We will use the funds freed up by the sale to drive forward strategic future investments on the path of our digital transformation.”

Heidelberg expects this transaction to result in a gain on disposal of more than €20 million.

DOCUFY’s new strategy is based on the expansion of the DOCUFY software suite into an Industry 4.0 InfoHub, the establishment of new strategic partnerships and the internationalisation of business activities.

DOCUFY CEO Stefan Donat said the consistent realisation of this approach is now ensured by Elvaston.

“We are looking forward to realising our DOCUFY 2025 strategy with the help of Elvaston. This will allow us to further expand our offering for our existing and future customers,” Donat said.

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