06-22-2017

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.

Download document(PDF ~ 26 KB)

Pfeiffer Vacuum Technology AG published this content on 23 June 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 23 June 2017 05:34:05 UTC.

Original documenthttps://group.pfeiffer-vacuum.com/en/investor-relations/press-and-ad-hoc-releases/pressitem!content.action;jsessionid=15CFCF5B01B81E68A72035EDC1F6AD77-n1?pressKey=c96i&page=1

Public permalinkhttp://www.publicnow.com/view/B08F274469AB40371B3C8B05F7A370B3B731F371