Kodak To Buy Heidelberg's Digital Business

Kodak expects the NexPress and Heidelberg Digital operations to increase revenue incrementally by about $175 million during the rest of 2004.

"Although Heidelberger Druckmaschinen is reorganizing to focus on our core business, we believe that digital commercial printing will be a profitable segment and that NexPress is extremely well positioned in the market," adds Schreier. "We fully intend to work with NexPress and Kodak to ensure a continuity of service and support for all of our customers during this transition."