Pfeiffer Vacuum Technology AG - M&A Activity 2017

News Details

Ad-hoc | 22 June 2017 20:21

Pfeiffer Vacuum Technology AG: Pfeiffer Vacuum acquires Nor-Cal Products Inc. (USA)

Pfeiffer Vacuum Technology AG / Key word(s): Takeover/Mergers & Acquisitions

22-Jun-2017 / 20:21 CET/CEST

Disclosure of an inside information acc. to Article 17 MAR, transmitted by DGAP – a service of EQS Group AG.

The issuer is solely responsible for the content of this announcement.

Inside information according to Article 17MAR

Pfeiffer Vacuum acquires Nor-Cal Products Inc. (USA)

Asslar, June 22, 2017. Pfeiffer Vacuum Technology AG announces the acquisition of Nor-Cal Products Inc. (USA). Acquirer is Pfeiffer Vacuum Inc. (USA), a wholly owned subsidiary of Pfeiffer Vacuum Technology AG. The purchase agreement was signed today and executed. The agreed purchase price amounts to USD 68 million on a cash and debt-free basis. The transaction was mainly financed via a bank loan.

With around 300 employees in the USA and Vietnam, Nor-Cal Products Inc. (USA) manufactures premium-quality vacuum components, chambers and valves for international customers in the fields of semiconductors, coating and displays as well as for leading universities and research facilities. Nor-Cal Products Inc. (USA) expects full-year sales in 2017 of around USD 60 million at an EBIT margin around the level of the Pfeiffer Vacuum group.

With the acquisition of Nor-Cal Products Inc. (USA), Pfeiffer Vacuum group reinforces its position in the market for vacuum components and especially in the USA.

Contact

Pfeiffer Vacuum Technology AG

Corinna Wagener

Executive Assistant

T +49 6441 802 1345

F +49 6441 802 1365

[email protected]

22-Jun-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.

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Language:	English
Company:	Pfeiffer Vacuum Technology AG
	Berliner Str. 43
	35614 Asslar
	Germany
Phone:	+49 6441 802-0
Fax:	+49 6441 802-1365
E-mail:	[email protected]
Internet:	www.pfeiffer-vacuum.de
ISIN:	DE0006916604
WKN:	691660
Listed:	Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange