EANS-Adhoc: Pfeiffer Vacuum Technology AG
Pfeiffer Vacuum Technology AG
intends to acquire Alcatel-Lucent´s Vacuum Technology Unit "Adixen"
ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement.
Company Information/Mergers & Acquisitions
03.11.2010
NOT FOR RELEASE; PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES OF AMERICA, CANADA, JAPAN, AUSTRALIA OR TO U.S. PERSONS
Asslar, Germany, November 3, 2010. Pfeiffer Vacuum Technology AG,
Asslar, Germany, intends to acquire Alcatel-Lucent´s Vacuum
Technology Unit ("Adixen") which is headquartered in Annecy, France.
Negotiations on the purchase of the companies, patents and licenses
belonging to this unit have been largely finalized. The supervisory
board of Pfeiffer Vacuum consented to the acquisition today. Prior to
the signing of the contract, a hearing of employee councils of the
Alcatel-Lucent group is required. The acquisition is planned to
become effective on December 31, 2010.Alcatel-Lucent´s Vacuum Technology Unit, which does business under the Adixen brand name, is an acknowledged world leader in vacuum pumps and leak detectors. In fiscal year 2009, the Adixen unit generated sales revenues of EUR 134 million and a negative EBITDA of EUR 3 million which was largely attributable to the general economic crisis. The interim financial statements for the Adixen unit for the period ended June 30, 2010, record sales revenues of EUR 116 million and an EBITDA of EUR 14 million. On the basis of these numbers, sales revenues of approximately EUR 270 million and an EBITDA of approximately EUR 40 million are anticipated for the entire fiscal year 2010.
This acquisition will allow Pfeiffer Vacuum to strategically complement its product portfolio in a meaningful way, in particular as a result of Adixen´s leading market position in the field of backing pumps. Moreover, it will also be possible to significantly expand the sales and marketing network, to increase market share in the global market for vacuum pumps, as well as to gain better overall access to the high-growth Asian markets.
The purchase price for this unit will total approximately EUR 200 million on a debt/cash-free basis and will be fully financed through a bank loan. Pfeiffer Vacuum intends to reduce a portion of the acquisition financing by selling treasury shares and through a capital increase from authorized capital in the amount of up to 10 percent of its share capital.
end of ad-hoc-announcement ========================================== ====================================== About Pfeiffer Vacuum Pfeiffer Vacuum (Stock Exchange Symbol PFV, ISIN DE0006916604) is one of the worlds leading providers of vacuum solutions. Among a full range of hybrid- and magnetically levitated turbopumps, the portfolio comprises of backing pumps, measurement and analysis devices, components, vacuum chambers and systems. Ever since the invention of the turbomolecular pump by Pfeiffer Vacuum, the company has stood for innovative solutions and high-technology products that are used in the analytical segment, in research and development, environmental technology, chemistry, semiconductor production and coating technology, as well as in the automotive industry and any number of further sectors. Founded in 1890, Pfeiffer Vacuum is today active throughout the world together with a workforce of some 900 people as well as 14 subsidiaries and over 20 agencies. Further information is available at www.pfeiffer-vacuum.com.
Disclaimer This release does not constitute an offer of securities
for sale, a solicitation of an offer to purchase or to subscribe for
securities of Pfeiffer Vacuum Technologies AG ("Pfeiffer Vacuum").
Neither this release nor anything contained herein shall form the
basis of, or be relied on, in connection with, any offer or
commitment whatsoever.This information is not for release, publication or distribution in or into the United States of America and may not be distributed to U.S. persons (as defined in Regulation S under the United States Securities Act of 1933, as amended (the "Securities Act")). In particular, this information does not constitute an offer of securities for sale, a solicitation of an offer to purchase or to subscribe for securities of Pfeiffer Vacuum in the United States. The securities of Pfeiffer Vacuum may not be offered, sold or delivered in the United States or to or for the account or benefit of U.S. persons, unless registered under the Securities Act or pursuant to an exemption from such registration. The securities will not be registered under the Securities Act. There will be no public offer of securities of Pfeiffer Vacuum in the United States.
end of announcement euro adhoc
Further inquiry note:
Brigitte Looß
Leiterin Investor Relations
Tel.: +49 (6441) 802-346
E-Mail: Brigitte.Loos[at]pfeiffer-vacuum.de
Branche: Machine Manufacturing
ISIN: DE0006916604
WKN: 691660
Index: TecDAX, CDAX, HDAX, Prime All Share, DAXsector All Industrial
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
Hannover / free trade
München / free trade