Pfeiffer Vacuum Closes Acquisition of Adixen
January 14, 2011
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 November 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.
Manfred Bender, chief executive officer of Pfeiffer Vacuum Technology AG, comments on the acquisition: "We are happy that the transaction is settled now. We already took first steps towards the integration of Adixen in the past weeks. Together with the management of Adixen we are convinced to become a world leader in vacuum solutions."
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.