DGAP-News 637 0 Kommentare Pangea GmbH: Busch group to launch voluntary public tender offer for Pfeiffer Vacuum Technology AG - Seite 2

"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.