Press releases () Acquisition of citim GmbH successfully closed
Acquisition in additive manufacturing
Pfäffikon, Schwyz, Switzerland – December 30, 2016 – Oerlikon announced today that it has successfully closed the acquisition of citim GmbH in Germany.
The acquisition of citim, a leading company in the design and additive manufacturing of metal components for small-series production and rapid prototyping, strengthens Oerlikon’s position in the area of additive manufacturing and allows the Group to significantly expand its position in this business. After receiving all the required merger control approvals, Oerlikon and citim successfully closed the acquisition on December 30, 2016.
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.
About citim GmbH
Founded in 1996 as a spin-off of Otto-von-Guericke University Magdeburg, the company first focused on prototype tooling. With around 120 employees, the company serves customers in the aerospace, energy, medical, and automotive industries. During the following years, the company’s portfolio was continuously enlarged with new technologies. In 2004, citim introduced its laser sintering technology, and in 2009, laser melting was launched onto the market. Now, with 16 up-to-date machines operating in Barleben, Germany, and at the company’s second site in Kennesaw, USA, citim is a leading supplier for additively manufactured metal parts. Various industries like automotive, motor sports, aerospace and consumer goods benefit from the company’s manufacturing experience and expertise.
For further information, please contact:
T +41 (0)58 360 96 02
T +41 (0)58 360 96 22
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, are 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 from 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.