M&A Activity • Sep 13, 2022
M&A Activity
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PRESS RELEASE Milan, September 13, 2022
SAES Getters S.p.A. informs that, as of today, the documents prescribed by law related to the merger by incorporation of the wholly owned subsidiary SAES International S.r.l. (formerly SAES Getters International Luxembourg S.A.) into the parent company SAES Getters S.p.A. have been made available in Italian to the public on the Company's website (www.saesgetters.com/it/investor-relations/area-investors/operazionistraordinarie), on the centralized storage system () and at the registered office, in Lainate, Viale Italia 77.
The English translations will be made available to the public under the terms and in the manner provided by law, on the website of the Company (www.saesgetters.com/investor-relations/area-investors/extraordinary-operations), in the storage system managed by Computershare S.p.A. () and at the Company's headquarters.
The documents only include the merger plan, since it is a merger by incorporation of a wholly owned subsidiary and therefore a simplified merger transaction pursuant to Article 2505 of the Italian Civil Code, for which there is no need for i) the directors' report on the merger, ii) the independent experts' report on the fairness of the exchange ratio pursuant to Article 2501-sexies of the Italian Civil Code, and iii) the merger balance sheets. The Corporate bylaws of the merging company will not be changed as a result of this merger.
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A pioneer in the development of getter technology, the company SAES Getters S.p.A., together with its subsidiaries (hereinafter "SAES® Group" or "SAES" or "Group"), is a world leader in a variety of scientific and industrial applications that require high vacuum conditions. In more than 80 years of activity, the Group's getter solutions have been supporting technological innovation in the information display and lamp industries, in sophisticated high vacuum systems and in vacuum thermal insulation, in technologies spanning from large vacuum power tubes to miniaturized devices such as silicon-based microelectronic and micromechanical systems (MEMS).
Starting in 2004, by leveraging the core competencies in special metallurgy and in the materials science, the SAES Group has expanded its business into the advanced material markets, in particular the market of shape memory alloys, a family of materials characterized by super elasticity and by the property of assuming predefined forms when subjected to heat treatment. These special alloys, which today are mainly applied in the biomedical sector, are also perfectly suited to the realization of actuator devices for the industrial sector (domotics, white goods industry, consumer electronics, healthcare, automotive and luxury sector).
More recently, SAES has expanded its business by developing a technological platform that integrates getter materials in a polymeric matrix. These products, initially developed for OLED displays, are currently used in new application sectors, among which optoelectronics, photonics and the mobile sector above all. Among the new applications, the advanced packaging is a significantly strategic one, in which SAES is offering a range of new products for the food sustainable packaging and competes with recyclable and compostable solutions.
A total production capacity distributed in eleven facilities, a worldwide-based sale & technical service network and almost 1,200 employees allow the Group to combine multi-cultural skills and experience and to be a truly global enterprise.
SAES Group's headquarters are based in Milan.
SAES Getters S.p.A. is listed on the Italian Stock Exchange Market, Euronext STAR segment, since 1986.
More information on the SAES Group is available in the website www.saesgroup.com.
Emanuela Foglia Investor Relations Manager Tel. +39 02 93178 273 E-mail: [email protected]
Corporate Media Relations Close to Media Tel. +39 02 70006237 Nicola Guglielmi E-mail: [email protected] Fiorella Poppi E-mail: [email protected]
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