The firm's products ranging from conveying, buffering and inserting systems to addressing, stacking and packaging kit.
It employs 120 staff and annual sales in 2001 were 22m.
Heidelberg said the acquisition would give it a 12% share of the 360m global market for mailroom products.
IDAB WAMAC will boost Heidelbergs presence in Asia and Europe. It is a logical continuation of our corporate strategy to become a market leader in the finishing sector, said chairman Bernhard Schreier.
Heidelbergs Mainstream 80 newspaper press can be combined with IDAB WAMACs systems.
Have your say in the Printweek Poll
Related stories
Latest comments
"Very insightful Stern.
My analysis?
Squeaky bum time!"
"But in April there was an article with the Headline "Landa boosts top team as it scales up to meet market demand", where they said they came out of last year’s Drupa with a burgeoning order..."
"Yep. Tracked is king."
Up next...
Print services required
Trio of new tenders up for grabs
Greater automation and ease-of-use
Konica Minolta enhances AccurioPress C7100 series
Energy savings and wider gamut
Wilmot-Budgen takes first LED Onset
Weekly one million mark