# Masterwork Group to become largest shareholder of Heidelberger Druckmaschinen

China's Masterwork Group announced it will acquire an 8.46% stake in Heidelberger Druckmaschinen AG (Heidelberg) for about EUR 69 million, making it the largest shareholder. The deal is subject to Heidelberg's supervisory board approval.

- Type: Acquisition
- Announced: 2019-01-28
- Where: Germany
- Value: $78.0M (69.0M EUR)
- Status: announced
- Products: die-cutters, hot-foil embossing machines, offset printing equipment
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Heidelberger Druckmaschinen](https://endata.com/companies/970.md) (target)
- [Masterwork Group](https://endata.com/companies/36925.md) (acquirer)

## Sources

- [xinhuanet.com](http://www.xinhuanet.com/english/2019-01/28/c_137781532.htm), 2019-01-28: "We believe that the strategic investment will enhance our partnership and make contributions to the development of high-end equipment manufacturing in China as well as the world."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.