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
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
22-Jun-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
|
| 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: | info@pfeiffer-vacuum.de |
| 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 |
| End of Announcement | DGAP News Service |