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
corinna.wagener@pfeiffer-vacuum.de


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



show this
How do you rate this page?
 

Recommend this page!
Social Networks:

This website uses cookies to ensure you get the best experience on our website. More info