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.
|Company:||Pfeiffer Vacuum Technology AG|
|Berliner Str. 43|
|Phone:||+49 6441 802-0|
|Fax:||+49 6441 802-1365|
|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|