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Atlas Copco to Acquire Oerlikon Leybold Vacuum - Atlas Copco, a leading provider of sustainable productivity solutions, has agreed to acquire the vacuum business of OC Oerlikon Corporation AG, for a total enterprise value of MEUR 486 (MSEK 4 520) - Oerlikon.com / AtlasCopco.com
Atlas Copco to Acquire Oerlikon Leybold Vacuum

 

PRZOOM - /newswire/ - Stockholm, Sweden, 2015/11/20 - Atlas Copco, a leading provider of sustainable productivity solutions, has agreed to acquire the vacuum business of OC Oerlikon Corporation AG, for a total enterprise value of MEUR 486 (MSEK 4 520) - Oerlikon.com / AtlasCopco.com.

   
 
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Atlas Copco Corporate - News Oerlikon Leybold Vacuum
Oerlikon, founded in 1850, is based in Switzerland and listed on the SIX Swiss Exchange. Atlas Copco has agreed to acquire the vacuum segment of the company, Oerlikon Leybold Vacuum. The vacuum business is headquartered in Cologne, Germany, has about 1 600 employees, and had revenues in 2014 of MCHF 390 (MEUR 358, MSEK 3 335).

“Leybold will strengthen our technology platform for superior vacuum solutions,” said Nico Delvaux, President of Atlas Copco’s Compressor Technique business area. “We welcome a very knowledgeable workforce with a long history.”

Oerlikon Leybold Vacuum’s vacuum solutions are used to create clean, particle-free environments for such applications as automotive, metallurgy, coating of microchips, and the manufacturing of analytical instruments.

The acquisition of Oerlikon Leybold Vacuum follows Atlas Copco’s acquisition in 2014 of Edwards Group Ltd., which was the Group’s first major step into the vacuum solutions business.

The acquisition is an all-cash transaction utilizing Atlas Copco’s existing funds, and is subject to regulatory approvals. The acquisition is estimated to be completed in the first half of 2016. The acquired business will become part of Atlas Copco’s Vacuum Solutions division in the Compressor Technique business area. For more information about Oerlikon Leybold Vacuum, please visit oerlikon.com/.

Contact: Nico Delvaux, Business Area President, Compressor Technique
P: +32 3 401 9551

Atlas Copco (atlascopco.com) is a world-leading provider of sustainable productivity solutions. The Group serves customers with innovative compressors, vacuum solutions and air treatment systems, construction and mining equipment, power tools and assembly systems. Atlas Copco develops products and services focused on productivity, energy efficiency, safety and ergonomics. The company was founded in 1873, is based in Stockholm, Sweden, and has a global reach spanning more than 180 countries. In 2014, Atlas Copco had revenues of BSEK 94 (BEUR 10.3) and more than 44 000 employees.

Atlas Copco’s Compressor Technique business area provides industrial compressors, vacuum solutions, gas and process compressors and expanders, air and gas treatment equipment and air management systems. The business area has a global service network and innovates for sustainable productivity in the manufacturing, oil and gas, and process industries. Principal product development and manufacturing units are located in Belgium, the United States, China, South Korea, Germany, Italy and the United Kingdom.

 
 
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Agency / Source: Atlas Copco AB

 
 

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Atlas Copco to Acquire Oerlikon Leybold Vacuum

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Oerlikon Leybold Vacuum | Atlas Copco
Contact: Ola Kinnander - AtlasCopco.com 
+46(0)8 743 8060 /+46(0)70 347 2455 media[.]se.atlascopco.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Atlas Copco AB securities in any jurisdiction including any other companies listed or named in this release.

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