Pfeiffer Vacuum Technology AG: Strategic cooperation between Pfeiffer Vacuum Technology AG and Busch SE planned / Busch Group expands its shareholding / new organization of the Management Board functions

Pfeiffer Vacuum Technology AG / Key word(s): Alliance/Strategic Company Decision
Pfeiffer Vacuum Technology AG: Strategic cooperation between Pfeiffer Vacuum Technology AG and Busch SE planned / Busch Group expands its shareholding / new organization of the Management Board functions

05-Nov-2018 / 14:13 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Asslar, November 5, 2018. Pfeiffer Vacuum Technology AG plans to agree on a strategic cooperation with Busch SE that will enable the two companies to work more closely together, particularly in the areas of Purchasing, Sales and Service, Research & Development as well as IT. In the context of the strategic cooperation, Busch SE has informed Pfeiffer Vacuum Technology AG that its shareholding in Pfeiffer Vacuum Technology AG held via its subsidiary Pangea GmbH has exceeded the threshold of 50% on November 2, 2019.
 
Moreover it has been decided to rearrange the organizational structure of the Management Board as of January 1, 2019. Management Board and Supervisory Board have decided to organize the company according to its global business functions in the future. The new functions Chief Sales Officer, Chief Technology Officer and Chief Operations Officer will be established. CEO Dr. Eric Taberlet will also take over the position as Chief Sales Officer. Dr. Ulrich von Hülsen will be appointed as Chief Technology Officer. The Chief Operations Officer position will initially be filled with an external consultant on an interim basis. At the same time, the search for suitable candidates will be started. Dr. Matthias Wiemer will take care of special assignments until the expiration of his contract on December 31, 2019.
 
 
Contact:
Pfeiffer Vacuum Technology AG
Investor Relations
Dinah Reiss
T +49 6441 802 1346
F +49 6441 802 1365
Dinah.Reiss@pfeiffer-vacuum.de
 
 
 
 

05-Nov-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de



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