news, people, new vacuum pumps, mergers and acquisition Lanzhou Institute of Physics (LIP) and Pfeiffer Vacuum have signed a strategic cooperation agreement Asslar, Germany - Dec. 11, 2017 Pfeiffer Vacuum and LIP will cooperate in research and development to create vacuum solutions for aerospace applications, vacuum metrology, vacuum calibration and other applications. Pfeiffer Vacuum is contributing with its extensive line of solutions, products and services ranging from vacuum pumps, measurement and analysis equipment to complex vacuum systems and its global sales and service network, while LIP is introducing its leading position in the China vacuum industry. On October 17, 2017, the LIP-Pfeiffer Vacuum Joint Center for Vacuum Technology was established in Lanzhou, Gansu province. The center will provide the platform for future projects and joint developments.    more Pfeiffer Vacuum records significant increase in sales Asslar, Germany - November 2, 2017 - 27.6 % hike in sales during first nine months of 2017 - EBIT improved by 44.3 % - Order intake 39.3 % higher than in previous year - Changes in the Supervisory Board Pfeiffer Vacuum Technology AG generated sales of € 430.5 million (27.6 % over the previous year) in the first nine months of 2017 and thus achieved an EBIT of €60.8 million (44.3 % over the previous year). “We are pleased about this exceptionally strong development of business," says Manfred Bender, Chief Executive Officer of Pfeiffer Vacuum Technology AG, with satisfaction.    more District Court appointed Ms. Ayla Busch as a member of the Supervisory Board of Pfeiffer Vacuum Technology Asslar, Germany - October 5, 2017 The District Court of Wetzlar has today appointed Ms. Ayla Busch, Managing Director of Pangea GmbH, as a member of the Supervisory Board of Pfeiffer Vacuum Technology AG. The appointment was made for the period from October 26, 2017 until the end of the next Annual Shareholders’ Meeting of the company. Ms. Ayla Busch is striving for the chairmanship of the company's Supervisory Board. The motion by Pangea GmbH for the judicial appointment of Mr. Wolfgang Dondorf, Independent Gentleman and former Chief Executive Officer of Pfeiffer Vacuum Technology AG, as a member of the company's Supervisory Board was rejected by the District Court of Wetzlar. Opening of Pfeiffer Vacuum’s first Service Center in Malaysia Asslar, Germany - August 9, 2017 - 6,000 square foot building - Built to support semiconductor and coating customers - Latest Pfeiffer Vacuum service know-how Pfeiffer Vacuum has opened a new service center in Malaysia. The more than 6,000 square foot building will house administration, sales, and service departments. The main activities will be the repair of the dry backing pump range.    more Nor-Cal Products, Inc. is now a division of Pfeiffer Vacuum Technology AG Asslar, Germany - June 22, 2017 We are pleased to announce that Nor-Cal Products, Inc. is now a division of Pfeiffer Vacuum Technology AG as of June 22, 2017. By adding Nor-Cal Products' 335 worldwide employees to the Pfeiffer Vacuum team, we become over 2,800 strong worldwide.    more A new building for the Pfeiffer Vacuum North American Headquarters Asslar, Germany - June 13, 2017 Pfeiffer Vacuum is building in Nashua, NH, USA, a new 27,000 square foot building: This modern construction will house the North American headquarters for administration, sales, product management, marketing and customer care. The existing 24,000 square foot building will be converted to a Service Center of Excellence for all Pfeiffer Vacuum service activities of the entire Pfeiffer Vacuum product portfolio.    more 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 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 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 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 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 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 Lanzhou Institute of Physics (LIP) and Pfeiffer Vacuum have signed a strategic cooperation agreement Asslar, Germany - Dec. 11, 2017 Pfeiffer Vacuum signed a strategic cooperation agreement with Lanzhou Institute of Physics (LIP) in Asslar, Germany. As one of the founders of the Chinese Vacuum Society, the Lanzhou Institute of Physics is a pioneer in vacuum technology in China. LIP is also one of the first institutes in China which has been directly engaged in satellite and spacecraft development and is therefore a part of the China Academy of Space Technology (CAST) since 1968. Pfeiffer Vacuum and LIP will cooperate in research and development to create vacuum solutions for aerospace applications, vacuum metrology, vacuum calibration and other applications. The strong cooperation between the two companies is in line with the common interests of both sides. Pfeiffer Vacuum is contributing with its extensive line of solutions, products and services ranging from vacuum pumps, measurement and analysis equipment to complex vacuum systems and its global sales and service network, while LIP is introducing its leading position in the China vacuum industry. On October 17, 2017, the LIP-Pfeiffer Vacuum Joint Center for Vacuum Technology was established in Lanzhou, Gansu province. The center will provide the platform for future projects and joint developments. As mentioned by LIP during the opening ceremony, it will connect ‘Made in China 2025’ and the German ‘Industry 4.0’ initiatives. The start of the cooperation between Pfeiffer Vacuum and the Lanzhou Institute of Physics is in conjunction with the 10th anniversary of Pfeiffer Vacuum in China – 10 years of committed dedication in China. “We hope that with our experience and advanced technology we can provide leading vacuum solutions and first-class service to create a bright future for our Chinese customers”, said Vic Chen, General Manager of Pfeiffer Vacuum (Shanghai) Co., Ltd. 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 (Shanghai) Co., Ltd - www.pfeiffer-vacuum.com   Steven Fang, Marketing / Marcom Manager, email: Steven.Fang@pfeiffer-vacuum.cn, Tel. +86 21-3393 3940 - ext 280 Pfeiffer Vacuum records significant increase in sales Asslar, Germany - November 2, 2017 - 27.6 % hike in sales during first nine months of 2017 - EBIT improved by 44.3 % - Order intake 39.3 % higher than in previous year - Changes in the Supervisory Board Pfeiffer Vacuum Technology AG (“Pfeiffer Vacuum“) generated sales of € 430.5 million (27.6 % over the previous year) in the first nine months of 2017 and thus achieved an EBIT of € 60.8 million (44.3 % over the previous year). Earnings per share for the period rose by 44.3 % to € 4.27. “We are pleased about this exceptionally strong development of business," says Manfred Bender, Chief Executive Officer of Pfeiffer Vacuum Technology AG, with satisfaction. Sales developed extremely well and increased to € 430.5 million in the first nine months (9M/2016: € 337.4 million). At € 476.3 million, order intake continued to remain at a very high level (9M2016: € 342.0 million). EBIT improved substantially to € 60.8 million (9M/2016: € 42.1 million), representing an increase of 44.3 %. One reason for this strong growth, apart from the steadily growing semiconductor market, is the solar industry. Chinese customers in particular, but also European buyers, have ordered products for these applications. In Europe, the glass coating business also developed very positively. “In addition to vacuum pumps, we are selling more and more pump-related components for vacuum systems and, with the acquisition of Nor-Cal, we have significantly expanded our portfolio. This reinforces our position as a supplier of integrated vacuum solutions," Bender explains. “This can be seen from the orders placed. Our order books are full. At € 118.1 million, the order backlog is at a record level." The Management Board is confident that it will be able to achieve the forecast growth: "After the developments to date, we are confident that we will at least reach the upper end of the forecast sales range of € 550 to 570 million," says Bender. "If we succeed, 2017 would be the most successful year ever for Pfeiffer Vacuum." The Supervisory Board of Pfeiffer Vacuum was newly appointed one week ago. The resignations of Dr. Michael Oltmanns and Dr. Wolfgang Lust took effect on October 25. Ayla Busch, who was appointed to the Supervisory Board by Wetzlar district court, has been a member of the Supervisory Board since October 26 and was elected as its chair. “We would like to thank the retiring Supervisory Board members for their many years of loyal cooperation. At the same time, we are looking forward to working together constructively with Ms. Busch," Bender says. The strong growth in the semiconductor market is continuing and increasing the gap to sales in the other segments. Compared to the first nine months of the previous year, Pfeiffer Vacuum boosted sales in this area by 59.3 %. Total revenues amounted to € 167.7 million (9M/2016: € 105.3 million). The industry segment improved by 14.6 % to € 93.8 million. The share from the analytics segment grew by 7.9 % to € 74.2 million (9M/2016: € 68.7 million). The coating segment achieved significant growth of 26.0 %. Here, sales increased to € 53.2 million (9M/2016: € 42.2 million). Revenues in the research & development segment grew moderately by 5.9 % to € 41.6 million (9M/2016: € 39.3 million). Business in Europe increased by 17.7 % to € 161.2 million (9M/2016: € 136.9 million) and thus was slightly stronger than the Asian market. Pfeiffer Vacuum generated sales of € 159.7 million (9M/2016: € 120.4 million) here, an increase of 32.6 % over the nine-month period of the previous year. The share of revenues in the Americas improved by 37.0 % to € 109.4 million (9M/2016: € 79.9 million). In sales by product group, turbopumps recorded growth of 24.6 % to € 127.8 million (9M/2016: € 102.6 million). Backing pump business increased by 22.4 % to € 100.5 million (9M/2016: € 82.2 million). Instruments and components achieved a 54.9 % increase in sales of € 113.1 million (9M/2016: € 73.0 million). The service segment grew by 10.1 % to € 81.2 million (9M/2016: € 73.8 million). In systems, a 33.6 % increase in revenues to € 7.8 million (9M/2016: € 5.8 million) was recorded. Incoming orders have remained at a consistently high level in the year to date. In the first nine months of 2017, Pfeiffer Vacuum's total value of orders received amounted to € 476.3 million, a significant 39.3 % up on the previous year’s figure (9M/2016: € 342.0 million). At 1.11, the book-to-bill ratio, the ratio of order intake to sales, was higher than in the same period last year (9M/2016: 1.01). The order backlog as of September 30, 2017 amounted to € 118.1 million, which was 70.4 % higher than in the previous year (September 30, 2016: € 69.3 million). At 37.0 %, the gross profit margin in the first nine months of 2017 was slightly lower than the previous year's figure of 37.6 %. Operating profit at € 60.8 million was 44.3 % higher than the comparable figure (9M/2016: € 42.1 million). The resulting EBIT margin increased to 14.1 % (9M/2016: 12.5 %) compared to the same period of the previous year. Net income amounted to € 42.1 million and was therefore 44.0 % higher than in the same period last year (9M/2016: € 29.2 million). Earnings per share thus improved significantly to € 4.27 (9M/2016: € 2.96). Pfeiffer Vacuum GmbH - www.pfeiffer-vacuum.com - Berliner Str. 43, 35614 Aßlar, Deutschland   Dr. Karen Bogdanski, Investor Relations, email: Karen.Bogdanski@pfeiffer-vacuum.de, Tel. +49 6441 802-1346 Opening of Pfeiffer Vacuum’s first Service Center in Malaysia Asslar, Germany - August 9, 2017 Pfeiffer Vacuum has opened a new service center in Malaysia. The more than 6,000 square foot building will house administration, sales, and service departments. The main activities will be the repair of the dry backing pump range. Other products will follow in the coming months. The service center is located within Kulim Hi-Tech Park (KHTP) at Kulim, Kedah state, in northern Malaysia. KHTP was completed in 1996, as the first high-tech industrial park in Malaysia. It occupies a total area of 4,510 acres and is only 40 minutes away from the Penang International Airport. KHTP houses one of the largest networks of multinational semiconductor and coating companies in Malaysia. Several of Pfeiffer Vacuum’s major customers are within a 15 minute drive from the new service center. “This is a huge milestone in our history. Our business in Malaysia and Singapore is very important for our growth. Asia is the fastest growing area in our company. Nearly 40% of our business is related to Asia. So we are quite happy to be close to Malaysia today”, said Dr. Matthias Wiemer, Management Board Member at Pfeiffer Vacuum Technology AG. “Furthermore, this service center is in complete compliance with our policy of sustainability. We want to take care of the safety of our employees and the safety of our environment”, added Eric Taberlet, President of the Business Unit Semiconductor & Coating. 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 acquires Nor-Cal Products for USD 68 million Asslar, Germany - June 22, 2017 - Transaction creates leading supplier of vacuum components in the USA - Acquisition establishes further growth opportunities in Asia - Extension of business across all market segments through increased sales reach - Customers to benefit from a broader product portfolio, new technology solutions, and a more extensive sales network - Rapid integration into existing Pfeiffer Vacuum structures The Management Board of Pfeiffer Vacuum Technology AG ("Pfeiffer Vacuum") today announces the acquisition of US-based Nor-Cal Products Inc. ("Nor-Cal"), effective June 22, 2017. With around 300 employees in the USA and Vietnam, Nor-Cal 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 is currently benefiting from this industry's very positive outlook and expects full-year sales of around USD 60 million at an EBIT margin around the level of the Pfeiffer Vacuum group. 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. Pfeiffer Vacuum GmbH - www.pfeiffer-vacuum.com - Germany Dr. Karen Bogdanski, email: info@pfeiffer-vacuum.de, Tel. +49 6441 802-1346 A new building for the Pfeiffer Vacuum North American Headquarters Asslar, Germany - June 13, 2017 - New, two story 27,000 square foot building - Service Center of Excellence - Further expansion of customer and employee satisfaction and loyalty Pfeiffer Vacuum, one of the world’s leading providers of high-tech vacuum solutions for the semiconductor, industrial, coating, analytical and R&D markets, is breaking ground in Nashua, NH, USA, on a new, two story 27,000 square foot building. This modern construction will house the North American headquarters for administration, sales, product management, marketing and customer care. In parallel, the existing 24,000 square foot building will be converted to a Service Center of Excellence, bringing together under one roof all service activities of the entire Pfeiffer Vacuum product portfolio. State-of-the-art automated cleaning and test equipment will be utilized to produce the highest quality repairs in a timely manner. “These investments are further evidence of our ongoing commitment to support our valued customers throughout North America, while at the same time providing a modern, best in class work environment for our staff for many years to come,” said Dr. Matthias Wiemer, Management Board Member at Pfeiffer Vacuum Technology AG. Pfeiffer Vacuum was founded in 1890 in Asslar, Germany. It has about 2,400 employees worldwide and more than 20 subsidiaries. Its service program extends from vacuum pumps and chambers through measurement and analysis equipment, right up to leak testing and leak detectors and complete vacuum systems, as well as service and technical support. 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 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. 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. 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

news     neu     actu Diary   conferences   meetings   exhibitions Directory   manufacturers   suppliers E-Proc / Projects Career   job search,   offers, Your Press Release    are you lauching a new product ?    did your company built a new plant ?    delivered an important piece of equipment?    agreed to a distribution agreement ? email your press release to info@vacuum-guide.com home    vacuum-guide.com