Industry Headlines

Pfeiffer Vacuum Closes Acquisition of Adixen

ASSLAR, GERMANY-- Pfeiffer Vacuum Technology AG closed the acquisition of Alcatel-Lucent's Vacuum Technology Unit, Adixen. The company had announced the intention to purchase Adixen on Nov. 3, 2010. The purchase price totals approximately € 200 million on a debt/cash-free basis. In order to finance the deal, Pfeiffer Vacuum had generated about € 112 million through a capital increase and sale of treasury shares on November 18. The remaining part of the purchase price was funded through a bank loan.

As the closing still takes place in 2010, the inclusion of Adixen for the first time has an impact on the consolidated Pfeiffer Vacuum balance sheet, while the consolidated profit and loss accounts is not affected.

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