Agfa Gevaert

What Agfa Gevaert does

Agfa Gevaert is a Belgian-headquartered, publicly listed technology company (Euronext Brussels: AGFB) operating across four reporting segments: Digital Print & Chemicals, Radiology Solutions, HealthCare IT (Enterprise Imaging), and Green Hydrogen Solutions (ZIRFON membranes), with a residual Film & Chemicals business in managed decline. The company serves healthcare providers (radiology departments, hospital networks, and veterinary clinics) with digital radiography hardware, MUSICA image-processing software, and an enterprise imaging platform spanning radiology, cardiology, and pathology; it serves industrial print and packaging customers with inkjet presses, prepress solutions, and digital workflow software; and it serves the emerging electrolyzer market with ZIRFON separator membranes for green hydrogen production.

The underlying technology stack combines proprietary image processing and AI software (MUSICA, SmartXR, ScanXR, RUBEE AI, RUBEE Orchestrator, Streaming Client, Enterprise Imaging Cloud), hardware platforms for computed radiography and direct radiography, inkjet printing systems such as the Jeti Bronco H3300 HS, and specialty membrane manufacturing. The HealthCare IT platform is positioned as a vendor-neutral archive integrating AI-augmented workflow and cloud delivery, while the new Mortsel ZIRFON plant (operational in 2025) gives Agfa scaled European capacity for alkaline electrolyzer membranes.

Agfa's business model combines capital equipment sales, recurring consumables (film, inkjet inks, membranes), software licensing, and service contracts, distributed through direct sales organizations in 40+ countries and agents in 100+ additional countries. Revenue is recognized across equipment, consumables, and software, with healthcare imaging volumes of "almost 3 million radiographic exams per week" supporting the recurring and installed-base economics of the radiology franchise.

Name

Agfa Gevaert

Legal name

Agfa-Gevaert N.V.

Website

https://agfa.com

Company type

Public

Founded year

1867

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Agfa Gevaert (Euronext Brussels: AGFB) is a Belgian technology company selling digital radiography, enterprise imaging software, industrial inkjet and packaging print systems, and ZIRFON membranes for green hydrogen, to healthcare, printing, and clean-energy customers worldwide.

Ownership category

akta.pro rank

Product category

Medical Imaging Equipment

NAICS

Navigational, Measuring, Electromedical, and Control Instruments Manufacturing (3345), Irradiation Apparatus Manufacturing (334517)

SIC

X-Ray Apparatus & Tubes & Related Irradiation Apparatus (3844), Surgical & Medical Instruments & Apparatus (3841)

akta.pro primary industry

X-ray & Fluoroscopy Systems (HLAHABAA)

akta.pro secondary industries

Universal Viewers & Enterprise Imaging Access (Zero-footprint/Diagnostic) (HLACALAD), Scientific Data Management & Data Platforms (SDMS/Data Lakehouse for R&D) (HLAGAJAC)

Keywords

• Medical imaging equipment
• Digital radiography systems
• Enterprise imaging software
• Industrial inkjet printing
• Hydrogen electrolyzer membranes

Headquarters

HQ city

Mortsel

HQ country

Belgium

HQ region

Europe

Offices11 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Operations, Supply Chain, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Healthcare IT Solutions: Enterprise imaging software, PACS systems, and healthcare IT solutions for hospitals and diagnostic centers globally.
2. Digital Radiology Solutions: Digital X-ray systems, DR detectors, CR systems, imaging software, and diagnostic film products for medical imaging.
3. Digital Printing Solutions: Industrial inkjet printers, printing plates, inks, and workflow software for commercial printing and packaging applications.
4. Green Hydrogen Solutions: ZIRFON membranes for alkaline water electrolysis supporting green hydrogen production.
5. Film & Chemicals: Traditional and digital diagnostic films, specialty films and chemicals for medical and industrial applications. Declining market segment.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Agfa Gevaert develops, manufactures, and distributes digital imaging systems and IT solutions across three core divisions: HealthCare IT (enterprise imaging software platforms for hospitals), Digital Radiology Solutions (digital X-ray rooms, mobile units, flat-panel detectors, CR systems, and MUSICA/SmartXR/ScanXR software), and Digital Print & Chemicals (SpeedSet Orca and Jeti industrial inkjet presses, Asanti workflow software, plates, inks, and consumables). The company also produces ZIRFON membranes for alkaline water electrolysis used in green hydrogen production, and supplies diagnostic films, DRYSTAR printing systems, and specialty chemicals.

Product overview

Agfa Gevaert operates as a diversified industrial imaging and IT company organized across three primary divisions: Digital Print & Chemicals, Radiology Solutions, and HealthCare IT, with Green Hydrogen Solutions as a specialty product line. The Digital Print portfolio centers on the SpeedSet Orca single-pass inkjet press for folding cartons, the Jeti series of wide-format printers, and Asanti workflow software, with a partnership with Hybrid Software (SmartDFE) enabling variable data digital carton production. Radiology Solutions encompasses a complete chain of digital radiography products including DR rooms (VALORY, DR 400/600/800), DR mobiles (DR 100e/s), Dura-line flat-panel detectors, CR systems, the MUSICA image processing platform, SmartXR workflow assistant, and ScanXR pathology detection AI, supported by the SupportXR service portfolio. HealthCare IT provides the Enterprise Imaging platform for healthcare IT imaging data management, including RUBEE AI, Streaming Client, RUBEE Orchestrator, and Enterprise Imaging Cloud. The Green Hydrogen line produces ZIRFON membranes for alkaline water electrolysis. Film & Chemicals (via Agfa Radiology Solutions and Specialty Products) covers diagnostic film, dry printing solutions (DRYSTAR printers), and specialty films.

Differentiator

Problem solved

Functional benefit

Products and services

• SpeedSet Orca A single-pass water-based inkjet press for folding carton printing, outputting up to 11,000 B1 sheets per hour with offset-like print quality; centerpiece of Agfa's digital packaging production portfolio.
• HealthCare IT Enterprise Imaging Platform Enterprise Imaging IT platform providing unified imaging data management across specialties, including RUBEE AI, RUBEE Orchestrator, Streaming Client, and Enterprise Imaging Cloud offerings for healthcare providers.
• Digital Radiology Solutions (DR Rooms, Mobiles, CR Systems, Detectors) Comprehensive diagnostic imaging portfolio including DR rooms (DX-D, VALORY, DR 400/600/800), DR mobiles (DR 100e/s), CR systems, Dura-line flat-panel detectors, imaging software, workstations, and diagnostic film products for hospitals and healthcare facilities.
• Green Hydrogen Solutions (ZIRFON Membranes) ZIRFON separator membrane technology for alkaline water electrolyzers used in green hydrogen production; produced at Agfa's Mortsel facility with capacity to support gigawatt-scale electrolysis.
• Jeti Printer Series (Jeti Bronco H3300 HS, Jeti Condor) Wide-format industrial inkjet printers including the EDP Awards 2026-winning Jeti Bronco H3300 HS hybrid printer and the Jeti Condor 5m-wide printer, serving display graphics and signage applications.
• SupportXR Service Portfolio Comprehensive service portfolio for digital radiography equipment covering installation, maintenance, repair, upgrades, remote support, fleet management, parts, and programs such as DR Upgrade, DR Detector Care, DR Detector Refresh, SmartBox Care, Battery Care, and RemoteCare.
• DRYSTAR Printing Solutions (DRYSTAR 5301, 5302, 5503, AXYS) Diagnostic medical imaging film printing systems producing high-quality hardcopy outputs for radiographic diagnostics across digital and conventional imaging workflows.
• Diagnostic Film (Dry Digital Film, X-ray Film) Medical diagnostic film products including dry digital film for use with DRYSTAR printers and conventional X-ray film for traditional radiography workflows.
• Asanti Software Workflow software for digital packaging production that integrates with Agfa's SpeedSet Orca press and Hybrid Software's SmartDFE to enable digital folding carton production with variable data printing and inline varnish capabilities.

Quantifiable outcome

• 3 million radiographic exams processed weekly with Agfa technology worldwide
• +2 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability3 records

Feature5 records

Partnerships

Three partnerships are on record, tiered core and minor.

• Hybrid SoftwarecoreTechnology or Integration · 13 May 2026Collaboration to enable digital folding carton production, integrating Hybrid Software's SmartDFE workflow software and ColorLogic color management with Agfa's SpeedSet Orca digital packaging press and Asanti software. The partnership enables efficient production of customized cartons with variable data printing capabilities.
• Paperboard Packaging CouncilminorGTM or Marketing Partner · 13 April 2026Membership in the Paperboard Packaging Council, a North American non-profit organization for paperboard packaging converters and suppliers. Enables Agfa to contribute expertise in digital inkjet technology, colour management and workflow automation to the folding carton sector.
• VITOcoreStrategic or Co-development Partner · 29 February 2024Collaboration with VITO and EU funding for new membrane production plant in Belgium. The project includes an €11 million EU Innovation Fund grant and produces ZIRFON membranes for alkaline water electrolysis, advancing green hydrogen technology at scale.

Scale indicators7 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Siemens Healthineers: Siemens Healthineers offers a comprehensive radiology and imaging IT portfolio (X-ray, CT, MRI, PACS/VNA) directly competing with Agfa Radiology Solutions and HealthCare IT.
• Fujifilm Holdings: Fujifilm operates a similar diversified imaging portfolio spanning medical systems (X-ray, endoscopy, healthcare IT) and graphic communications/inkjet printing, making it the closest diversified analog to Agfa's four business lines.
• Canon: Canon produces both medical imaging equipment (X-ray, ophthalmic) and commercial/industrial printing systems, competing with Agfa in digital radiography and in inkjet/printing press markets.
• GE HealthCare: GE HealthCare is a global leader in X-ray systems, imaging IT, and enterprise imaging platforms, competing head-to-head with Agfa's DR rooms, detectors, and Enterprise Imaging software.
• HP Inc. HP's Industrial Printing and Graphics businesses compete with Agfa's inkjet presses and folding carton printing solutions, including the PageWide and Indigo portfolios used in packaging.

Direct peers

• Sectra: Sectra is a direct competitor in medical imaging IT (PACS, VNA, enterprise imaging) and was named alongside Agfa in Best in KLAS 2026, competing for the same radiology IT customers.
• Konica Minolta: Konica Minolta's Healthcare and Business Technologies segments compete directly with Agfa in digital radiography, healthcare IT, and industrial/production printing, with similar enterprise go-to-market motions.
• Carestream Health: Carestream is a focused direct competitor in digital radiography equipment (DR rooms, mobile systems, CR) and medical imaging film, overlapping Agfa's core radiology hardware and consumables business.
• Heidelberger Druckmaschinen: Heidelberg is a direct competitor in commercial and packaging printing equipment and workflow software, including digital folding carton solutions overlapping with Agfa's SpeedSet Orca.
• Eastman Kodak: Kodak's history mirrors Agfa's (legacy photographic film with transitions into digital printing and specialty materials), and its print, advanced materials, and film businesses compete in adjacent industrial imaging categories.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/agfa
• Facebookfacebook.com/agfagraphics

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries5 records

Funding overview

Funding rounds2 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A6 records

Investments4 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Agfa Gevaert