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Pfeiffer Vacuum Technology AG: Pfeiffer Vacuum acquires Nor-Cal Products for USD 68 million - Seite 2

Analytics and Industrial market segments and, hence, generate additional economies of scale, higher margins and sustained growth," says Manfred Bender, CEO of Pfeiffer Vacuum Technology AG. "Furthermore, the manufacturing site in Vietnam, with its proximity to our Asian clients and its beneficial cost structure will allow us to increase our profitability further."

Founded in 1962 in Yreka, California, USA, Nor-Cal operates plants at its Yreka headquarters and in Ho-Chi-Minh-City, Vietnam, which will further improve the group's global production footprint. In recent years, the company has benefited greatly from its persistent focus on customers in the semiconductor industry and this segment's comparatively high growth. Nor-Cal has identified the medical engineering sector in North America as another very interesting future growth market.

Pfeiffer Vacuum will take advantage of Nor-Cal's high profile and its advanced online and offline sales channels to win new customers and grow its market share in North America. In order to successfully combine both businesses, Nor-Cal and its management team will immediately be integrated into Pfeiffer Vacuum's existing organizational structure.

"After the acquisitions of Dreebit and ATC, we have achieved a particularly attractive milestone with the acquisition of Nor-Cal. Now we are not only better able to serve growth markets in the USA and Asia, we have also reinforced all market segments. The transaction fully supports our declared strategy of tapping the vacuum market's great potential by way of acquisitions. And the long-term prospects, which were already excellent, have further improved for our shareholders," says Manfred Bender.

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About Pfeiffer Vacuum

Pfeiffer Vacuum (stock exchange symbol PFV, ISIN DE0006916604) is one of the world's leading providers of vacuum solutions. In addition to a full range of hybrid and magnetically levitated turbopumps, the product portfolio encompasses backing pumps, measurement and analysis devices, components as well as vacuum chambers and systems. Ever since the invention of the turbopump by Pfeiffer Vacuum, the company has stood for innovative solutions and high-tech products that are used in the markets Analytics, Industry, Research & Development, Coating and Semiconductors. Founded in 1890, Pfeiffer Vacuum is globally active today. The company