news, people, new vacuum pumps, mergers and acquisition


Leak testing Leak testing innovations from Pfeiffer Vacuum

Hannover Comvac, April 24, 2017

At the ComVac, Pfeiffer Vacuum is presenting the ASI 35, a leak detector that is ideal for mechanical engineers, integrators and end users.    more


KKR prepares IPO of Gardner Denver KKR prepares IPO of Gardner Denver

Feb. 28, 2017

According a report by Greg Roumeliotis in New York, edited by Matthew Lewis and published on the Reuters site on Feb. 24, the buyout firm KKR & Co LP (KKR.N) is preparing an initial public offering (IPO) of Gardner Denver Inc that could value the U.S. industrial machinery maker at between $6 billion and $7 billion including debt, according to people familiar with the matter. An IPO could then come later this year, the people added.
renaissancecapital.com reported that on Feb. 28, 2017 Gardner Denver filed with the U.S. Securities and Exchange Commission (SEC) to raise up to $100 million in an initial public offering.    more



Pfeiffer Vacuum Pfeiffer Vacuum reports on successful year 2016 and rejects bid from Busch group

Pfeiffer vacuum published on Feb.15, 2017

- Sales amount to € 474.2 million // EBIT at € 68.0 million

- Two acquisitions: Dreebit GmbH based in Dresden, Germany for Service
  and ATC Inc. in Indianapolis, USA for the leak detection

- Offer of the Busch Group not attractive


Manfred Bender, CEO of Pfeiffer Vacuum Technology AG, commented: "Strong incoming orders at the end of the year transformed 2016 into a very good year. We are also highly satisfied with the start of the 2017 fiscal year. We expect the positive trend of the past months to continue at least for the first six months of 2017."    more


Ensival Moret Sulzer Completes Acquisition of Ensival Moret

Winterthur, Switzerland - February 1, 2017

Sulzer announces that it has completed the acquisition of Ensival Moret (EM), a part of Moret Industries. Sulzer will immediately start to integrate EM in its Pumps Equipment division. Combining the complementary product portfolios enables Sulzer to become a full line supplier in most industrial process applications.    more


Busch Pfeiffer Vacuum Busch group to launch voluntary public tender offer for Pfeiffer Vacuum Technology AG

Maulburg - January 24, 2017

Maulburg, January 24, 2017. Busch SE today announced its intention to make a voluntary public tender offer for all outstanding shares of TecDAX-listed Pfeiffer Vacuum Technologies AG (ISIN: DE0006916604) via its wholly owned subsidiary, the investment company Pangea GmbH. The offer price will be €96.20 per share. The all-cash offer values Pfeiffer Vacuum at approximately €949 million based on equity value. Holders of Pfeiffer Vacuum shares will receive a premium of about 12 percent on the volume-weighted three-month average price of Pfeiffer Vacuum’s shares prior to the announcement. There will be no minimum acceptance threshold.    more


Trinos Vakuum-Systeme Trinos Vakuum-Systeme GmbH is now Pfeiffer Vacuum Components & Solutions GmbH

Asslar - January 16, 2017

As of January 1, 2017, Trinos Vakuum-Systeme GmbH has a new name: Pfeiffer Vacuum Components & Solutions GmbH. The company based in Goettingen employs some 160 people and has been part of the Pfeiffer Vacuum Group since January 2010. The name Pfeiffer Vacuum has stood for highquality vacuum technology, a comprehensive range of products and first-class service for more than 125 years. With its close customer collaboration and consistent focus on customer needs, Pfeiffer Vacuum is constantly optimizing and expanding its portfolio.    more







Leak testing innovations from Pfeiffer Vacuum


Hannover, April 24, 2017

- ASI 35 tracer gas leak detector
- ASM Pocket app
- Remote control for leak detectors

At the ComVac, Pfeiffer Vacuum is presenting the ASI 35, a leak detector that is ideal for mechanical engineers, integrators and end users. It combines high performance, reliability and repeatability with extremely short cycle times. At the same time it provides maximum flexibility. It can use both helium and hydrogen as tracer gases ; the sturdy iridium filaments ensure a long lifetime. The leak detector is designed for sophisticated testing tasks with miniscule background signals and enables short overall throughput times.

The modular design makes it easy to integrate even in confined spaces. Leak detector ASI 35 was equipped for universal voltage to enable it to be used worldwide without the need for any particular configuration. The device is also designed for operating conditions with temperatures of up to 45 °C. Its easy integration is enhanced by a broad spectrum of interfaces allowing data collection and full external system operation. With a customer-specific input/output configuration, the device can also be operated in its basic configuration without a PC or PLC. Connectivity and ease of handling are essential components of the Pfeiffer Vacuum strategy. To control the leak detector, the company therefore developed the ASM Pocket app which is also presented at the trade fair. Readings (leak rate, pressure) from the leak detector are shown in figures and as a graph on the mobile end device.

The app can be used for starting and stopping measurement cycles, autocalibration and for activating the zero function. The app can be downloaded for free from the Apple Store or Google Play for use on iOS and Android platforms. It is connected to the leak detector through Bluetooth (Android) or Wi-Fi.
leak detector remote control


At the ComVac, Pfeiffer Vacuum is also presenting a new remote control for leak detectors. This can be used to control all essential functions of the leak detector: to display readings, start and stop the test cycle, set switching points, and change the test mode. Along with a large touch screen display, the remote control has an integrated LED light, acoustic signals, a long battery life, and a multilingual user interface.


PFEIFFER Vacuum GmbH - www.pfeiffer-vacuum.com - Berliner Str. 43, 35614 Aßlar, Deutschland
  Sabine Neubrand, Public Relations, email: info@pfeiffer-vacuum.de, Tel. +49 (0)6441 802-0



Pfeiffer Vacuum reports on successful year 2016 and rejects bid from Busch group


Asslar, Germany, Feb.15, 2017

- Sales amount to € 474.2 million
- EBIT at € 68.0 million
- Two acquisitions: Dreebit GmbH based in Dresden, Germany and ATC Inc. in Indianapolis, USA
- Offer of the Busch Group not attractive


Pfeiffer Vacuum today announced preliminary figures for FY 2016. According to unaudited figures, sales amounted to € 474.2 million, an increase of 5.0 percent over the previous year (€ 451.5 million) and surpassing its sales guidance of € 470 million, concluding one of most successful years in the company’s history. EBIT increased by 12 percent to € 68.0 million (prior year: € 60.8 million), taking the EBIT margin to 14.3 percent (prior year: 13.5 percent). Pfeiffer Vacuum's order intake for FY 2016 amounted to € 481.9 million (prior year: € 456.9 million), and the company’s book-to-bill ratio, the ratio of order intake to sales, was 1.02 in 2016 (prior year: 1.01). Year-end FY 2016 order backlog amounted to € 72.3 million (prior year: € 64.7 million).

Manfred Bender, CEO of Pfeiffer Vacuum Technology AG, commented: "Strong incoming orders at the end of the year transformed 2016 into a very good year. We are also highly satisfied with the start of the 2017 fiscal year. We expect the positive trend of the past months to continue at least for the first six months of 2017."

Pfeiffer Vacuum recently expanded its investment portfolio with two acquisitions, including the purchase of 100 percent of Dresden-based Dreebit GmbH, of which it previously owned 24.9 percent. Pfeiffer Vacuum will continue focusing on service, a growth segment currently accounting for roughly 22 percent of group sales and increasingly becoming an important selling point for Pfeiffer Vacuum's customers. Dreebit is renowned for its high process and service quality and set to form a key component of Pfeiffer Vacuum's future service strategy. Pfeiffer Vacuum also acquired 100 percent of ATC Inc. which is based in Indianapolis, USA, in order to further expand its legacy leak detection product portfolio. With access to alternative technologies and new applications, Pfeiffer Vacuum is set to become the market leader in the field of non-destructive testing, a highly attractive and high-margin business even prior to potential synergies generated in the course of further expansion.

Pending a detailed review of the offer document published on February 13, 2017, by the Busch Group and the issuance of a reasoned opinion, the Management Board of Pfeiffer Vacuum Technology AG has made an initial assessment.

The Management Board of Pfeiffer Vacuum understands the Busch Group as intending to actively control and possibly integrate Pfeiffer Vacuum without offering a customary control premium. In addition, the offer does not reflect the growth potential in the vacuum industry, which the Busch Group itself had previously identified. As such, the Management Board considers the offer as inadequate. As of today, the Management Board therefore cannot recommend the acceptance of the offer to its shareholders. The Board is currently reviewing other options to ensure that Pfeiffer Vacuum shareholders can appropriately participate in the long-term development of the company.

The Management Board of Pfeiffer Vacuum understands the Busch Group as intending to actively control and possibly integrate Pfeiffer Vacuum without offering a customary control premium. In addition, the offer does not reflect the growth potential in the vacuum industry, which the Busch Group itself had previously identified. As such, the Management Board considers the offer as inadequate. As of today, the Management Board therefore cannot recommend the acceptance of the offer to its shareholders. The Board is currently reviewing other options to ensure that Pfeiffer Vacuum shareholders can appropriately participate in the long-term development of the company.

The complete audited results will be announced by the company on the day of the financial press conference, March 23, 2017.


Pfeiffer Vacuum Technology AG - www.pfeiffer-vacuum.com
- Berliner Str. 43, 35614 Aßlar, Deutschland
  Eerik Budarz, Investor Relations, email: Eerik.Budarz@pfeiffer-vacuum.de, Tel. +49 6441 802 1346



Sulzer Completes Acquisition of Ensival Moret


February 1, 2017

Sulzer announces that it has completed the acquisition of Ensival Moret (EM), a part of Moret Industries. Sulzer will immediately start to integrate EM in its Pumps Equipment division. Combining the complementary product portfolios enables Sulzer to become a full line supplier in most industrial process applications.

The acquisition allows Sulzer to close specific product gaps in its general industry pumps portfolio — such as axial flow pumps and slurry pumps. Ensival Moret (EM) offers a wide range of industrial pumps with strong positions in a broad range of industrial applications such as fertilizers, sugar, mining, and chemicals. Combining the complementary product portfolios enables Sulzer to become a full line supplier in most industrial process applications.

EM’s main manufacturing facilities are based in Saint Quentin, France, and Thimister, Belgium. It also operates facilities in Brazil and China, as well as multiple service centers across the globe. The business will be fully integrated into Sulzer’s Pumps Equipment division and will generate significant synergies by leveraging scale and cross-selling opportunities.

César Montenegro, President Pumps Equipment division, said: “We warmly welcome EM’s employees to the Sulzer family and are looking forward to growing together in our general industry business by serving our customers’ process needs.”

Inquiries:
Media Relations: Matthias Hochuli, Media Spokesperson
Phone +41 52 262 36 09, Fax +41 52 262 03 02, matthias.hochuli@sulzer.com
Investor Relations: Christoph Ladner, Head of Group Communications and Investor Relations
Phone +41 52 262 20 22, Fax +41 52 262 03 02, christoph.ladner@sulzer.com




Busch group to launch voluntary public tender offer for Pfeiffer Vacuum Technology AG


Maulburg - January 24, 2017

- Cash offer of €96.20 per Pfeiffer Vacuum share
- Tender offer is not contingent on any minimum acceptance threshold
- Busch group expects further growth potential in the vacuum industry
- The two companies will continue to operate under separate management


Busch SE today announced its intention to make a voluntary public tender offer for all outstanding shares of TecDAX-listed Pfeiffer Vacuum Technologies AG (ISIN: DE0006916604) via its wholly owned subsidiary, the investment company Pangea GmbH. The offer price will be €96.20 per share. The all-cash offer values Pfeiffer Vacuum at approximately €949 million based on equity value. Holders of Pfeiffer Vacuum shares will receive a premium of about 12 percent on the volume-weighted three-month average price of Pfeiffer Vacuum’s shares prior to the announcement. There will be no minimum acceptance threshold. Busch group has already received a firm financing commitment from Landesbank Baden-Württemberg to ensure full funding.

By making a tender offer, Busch group intends to increase its investment in Pfeiffer Vacuum in the long term. Currently holding 27.19 percent of the shares, the company has secured additional shares that will result in a 29.98 percent stake in Pfeiffer Vacuum when publishing the offer document. Upon successful closing of the offer, Busch group will seek an appropriate representation on Pfeiffer Vacuum’s Supervisory Board, corresponding to its new shareholding. Pfeiffer Vacuum will continue to be listed on the Frankfurt Stock Exchange and exist as an independent enterprise operating under its own separate management.

“As one of the leading manufacturers, we have known the vacuum industry for decades and are convinced of its potential for further growth. By increasing our stake, our aim is to benefit even better from these opportunities,” Sami Busch, one of the managing partners of Busch group, said. “As a family business, we think in terms of generations. We have already made a substantial investment in Pfeiffer Vacuum which we want to secure in the long term by exceeding the control threshold of 30 percent.”

Busch group has one of the broadest product ranges in the vacuum industry worldwide. The company focuses on industrial vacuum technology, also referred to as low vacuum. In this field, the main applications lie in the packaging and plastics processing industries – with additional processes in the chemical industry. Pfeiffer Vacuum focuses on high vacuum, required, for example, for processes in analytics, research and development and coating.


The offer document will be published following approval by the German Federal Financial Supervisory Authority (BaFin)
and will then be accessible on the following website: www.offerbuschvacuum.com.

The acceptance period is expected to last for four weeks, commencing following permission by BaFin. The tender offer is also subject to customary offer conditions, such as obtaining the required clearances from the antitrust authorities. Busch group expects the transaction to be completed in the second quarter of 2017.


About Busch group
Busch group is a globally operating manufacturer of vacuum pumps, blowers and compressors. The comprehensive product range comprises solutions for vacuum and overpressure technology in all industry sectors. The Busch group offers one of the largest selections of industrial vacuum technologies worldwide.
The company was founded in 1963 in Maulburg, Baden-Württemberg, where the main German manufacturing facility and the German sales organization are located. Today, the company has 60 subsidiaries in 42 countries and sales agents in further 30 countries, providing sound advice and practical support to customers on-site. The family-owned company has about 3,000 employees worldwide.

Press contact
Katharina Blumenfeld, Tel. +49 69 92 18 74 69, email: kblumenfeld@heringschuppener.com
Regina Frauen, Tel. +49 69 92 18 74 84, email: rfrauen@heringschuppener.com




Trinos Vakuum-Systeme GmbH is now Pfeiffer Vacuum Components & Solutions GmbH


Asslar - January 16, 2017


- Member of the Pfeiffer Vacuum Group since 2010
- Premium supplier of vacuum components and systems
- Market position to be strengthened


As of January 1, 2017, Trinos Vakuum-Systeme GmbH has a new name: Pfeiffer Vacuum Components & Solutions GmbH. The company based in Goettingen employs some 160 people and has been part of the Pfeiffer Vacuum Group since January 2010.
The name Pfeiffer Vacuum has stood for highquality vacuum technology, a comprehensive range of products and first-class service for more than 125 years. With its close customer collaboration and consistent focus on customer needs, Pfeiffer Vacuum is constantly optimizing and expanding its portfolio.

“The objective of the change in name is to further develop and strengthen our market position. Our product portfolio in Goettingen includes vacuum components, custom vacuum chambers, valves and manipulators. We see ourselves as a premium supplier of vacuum components and a specialist for customer-specific vacuum systems with a wide range of functions,” explains Guido Hamacher, Managing Director of Pfeiffer Vacuum Components & Solutions GmbH. “We’ve planned expansive investments at our Goettingen site for 2017 so that we can continue to remain competitive in the future and secure existing jobs as well as create new ones. We are looking into the future with optimism and expect more growth in the coming months,” added Hamacher.

Vacuum technology makes it possible to produce solar cells, semiconductors, thermal glass and coatings for extremely durable mechanical tools. These are just a few examples of Pfeiffer Vacuum products. Reliable vacuum products and systems are also of major importance for research and development, analytics, environmental technology and the automotive industry.
Trinos Vakuum-Systeme


PFEIFFER Vacuum GmbH - www.pfeiffer-vacuum.com - Berliner Str. 43, 35614 Aßlar, Deutschland
  Sabine Neubrand, Public Relations, email: info@pfeiffer-vacuum.de, Tel. +49 (0)6441 802-0







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