DGAP-News

Pfeiffer Vacuum Technology AG: Pfeiffer Vacuum acquires Nor-Cal Products for USD 68 million

DGAP-News: Pfeiffer Vacuum Technology AG / Key word(s): Takeover/Mergers & Acquisitions Pfeiffer Vacuum Technology AG: Pfeiffer Vacuum acquires Nor-Cal Products for USD 68 million 22.06.2017 / 20:30 The issuer is solely responsible for the content of this announcement. PRESS RELEASE Pfeiffer Vacuum acquires Nor-Cal Products for USD 68 million

- 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

Asslar, June 22, 2017. 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.


"This is an important transaction for Pfeiffer Vacuum. With Nor-Cal, we will significantly reinforce our position in the increasingly attractive market for vacuum components. The merger makes us a leading supplier in the USA, an important growth market. Our joint American clientele will benefit from a broader product portfolio, new technology solutions and a more extensive sales network. Selling Nor-Cal products via Pfeiffer Vacuum's far stronger distribution network in Asia will also drive sales substantially. After all, we will continue offering Nor-Cal's high-class components to semiconductor customers but will also integrate them into the