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Oerlikon focuses on core growth businesses and signs agreement to sell its Advanced Technologies Segment to Evatec AG

Further focusing of the portfolio

Pfäffikon SZ, Switzerland – December 23, 2014 – Oerlikon today announced that it has signed an agreement to sell its Advanced Technologies Segment to the Swiss-based Evatec AG. The transaction is expected to close during the first quarter of 2015.

Oerlikon continues its systematic execution of portfolio optimization measures to focus on its core activities. The divestment of its Advanced Technologies Segment marks the eleventh strategic transaction since 2010 in shaping Oerlikon’s portfolio. It will allow the Group to further allocate resources and management attention into areas of strategic importance. The parties have agreed not to disclose the purchase price. CEO Dr. Brice Koch said: “This is another step toward repositioning and balancing our portfolio, and focusing on our core growth businesses.”

The Advanced Technologies Segment business will be combined with Evatec’s business to create a complementary offering and a strong base to develop the businesses further. In 2013, the Advanced Technologies Segment generated sales of CHF 114 million and EBIT of CHF 4 million. The 200 employees will be taken over by the buyer.

Oerlikon will report the Advanced Technologies Segment under “Discontinued Operations” in the 2014 full-year accounts and will restate the 2013 accounts accordingly on this basis. The 2014 full-year guidance for the Oerlikon Group remains unchanged.
 

Disclaimer

OC Oerlikon Corporation AG, Pfäffikon (together with its affiliates hereinafter referred to as “Oerlikon”) has made great efforts to include accurate and up-to-date information in this document. However, Oerlikon makes no representation or warranties, expressed or implied, as to the truth, accuracy or completeness of the information provided in this document and Oerlikon disclaims any liability whatsoever for the use of it.

This document (including all statements made therein) is based on estimates, assumptions and other information currently available to the management of Oerlikon. This document contains certain statements related to the future business and financial performance or future events involving Oerlikon that may constitute forward-looking statements. The forward-looking statements contained herein could be substantially impacted by risks, influences and other factors (many of which are not foreseeable at present and/or are beyond Oerlikon's control), so that actual results, including Oerlikon’s financial results and results of operation, may vary materially from and be worse than those (expressly or implicitly) anticipated, expected or projected in the forward-looking statements. There can be no assurance and no representation or warranty, express or implied, given that such forward-looking statements will be realized. Oerlikon is under no obligation to (and expressly disclaims any obligation to) update or otherwise review its forward-looking statements, whether as a result of new information, future events or otherwise.

This document, including any and all information contained therein, is not intended as, and may not be construed as, an offer or solicitation by Oerlikon for the purchase or disposal, trading or any transaction in any Oerlikon securities. Investors must not rely on this information for investment decisions and are solely responsible for forming their own investment decisions

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