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Press releases (07/15/16) All approvals received for the strategic divestment of Oerlikon’s Vacuum business

Pfäffikon SZ, Switzerland, July 15, 2016 – Oerlikon today announced that all regulatory approvals have been received to conclude the strategic sale of its Vacuum Segment to Atlas Copco. The divestment agreement, which was signed on November 20, 2015, is based on an enterprise value of CHF 525 million and marked an important milestone in the strategic transformation of the Oerlikon Group toward a surface solutions and advanced materials powerhouse. With the regulatory approvals, the closing of the transaction is planned for August 31, 2016.

Oerlikon CEO, Dr. Roland Fischer said: “We continue to execute on our strategic agenda to focus our business on surface solutions and advanced materials. According to plan the closing of this important transaction will be at the end of August and the expected net cash proceeds of around CHF 330 million will provide us with additional flexibility for our strategic way forward.”

For further information please contact:

Nicolas Weidmann
Head of Group Communications
T +41 58 360 96 02
F +41 58 360 98 02
pr@oerlikon.com

Andreas Schwarzwälder
Head of Investor Relations
T +41 58 360 96 22
F +41 58 360 98 22
ir@oerlikon.com

 
About Oerlikon

Oerlikon (SIX: OERL) is a leading global technology Group, with a clear strategy of becoming a global powerhouse in surface solutions, advanced materials and materials processing. The Group is committed to investing in value-bringing technologies that provide customers with lighter, more durable materials that are able to increase performance, improve efficiency and reduce the use of scarce resources. A Swiss company with over 100 years of tradition, Oerlikon has a global footprint of over 13 500 employees at more than 170 locations in 37 countries and sales of CHF 2.7 billion in 2015. The company invested CHF 103 million in R&D in 2015 and has over 1 350 specialists developing innovative and customer-oriented products and services.

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. Neither Oerlikon nor any of its directors, officers, employees or advisors, nor any other person connected or otherwise associated with Oerlikon, shall have any liability whatsoever for loss howsoever arising, directly or indirectly, from any use of this document.

The contents of 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 the actual results, including Oerlikon’s financial results and operational results, may vary materially from and differ than those, expressly or implicitly, provided in the forward-looking statements, be they anticipated, expected or projected. Oerlikon does not give any assurance, representation or warranty, expressed or implied, that such forward-looking statements will be realized. Oerlikon is under no obligation to, and explicitly 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 of, 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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