EANS-News: Pfeiffer Vacuum Technology AG
Pfeiffer Vacuum closes acquisition of
Adixen
Asslar, Germany (euro adhoc) -
First integration measures are taken
Target confirmed to become a world leader in vacuum solutions
Closing has an impact on the 2010 balance sheetCorporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement.
Mergers - Acquisitions - Takeovers/Company Information
Subtitle: First integration measures are taken
Target confirmed to become a world leader in vacuum solutions
Closing has an impact on the 2010 balance sheetDecember 31, 2010. Pfeiffer Vacuum Technology AG today closed the acquisition of Alcatel-Lucent´s Vacuum Technology Unit "Adixen". The company had announced the intention to purchase Adixen on November 3, 2010. The purchase price totals approximately EUR 200 million on a debt/cash-free basis. In order to finance the deal, Pfeiffer Vacuum had generated about EUR 112 million through a capital increase and the sale of treasury shares on November 18. The remaining part of the purchase price was funded through a bank loan.
Manfred Bender, Chief Executive Officer of Pfeiffer Vacuum Technology AG, comments on the acquisition: "We are happy that the transaction is settled now. We already took first steps towards the integration of Adixen in the past weeks. Together with the management of Adixen we are convinced to become a world leader in vacuum solutions."
As the closing still takes place in 2010, the inclusion of Adixen for the first time has an impact on the consolidated Pfeiffer Vacuum balance sheet while the consolidated profit and loss accounts is not affected.
About Pfeiffer Vacuum Pfeiffer Vacuum (Stock Exchange Symbol PFV, ISIN DE0006916604) is one of the world´s 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 2,000 people as well as 28 subsidiaries. Further information is available at www.pfeiffer-vacuum.com.
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