Ad hoc: Pfeiffer Vacuum Technology AG: Pfeiffer Vacuum acquires vacuum component manufacturer

12/2/2009, 3:36 PM (Source: GlobeNewswire)
Pfeiffer Vacuum Technology AG / Acquisition / Ad hoc: Pfeiffer Vacuum
acquires vacuum component manufacturer

Ad hoc announcement according to §15 WpHG processed and transmitted
by Hugin. The issuer is solely responsible for the content of this
announcement.

----------------------------------------------------------------------
--------------




Asslar, Germany - December 2, 2009 - Pfeiffer Vacuum Technology AG
announces the signing of a contract to acquire Trinos Vakuum-Systeme
GmbH of Göttingen, Germany. Under the terms of the agreement,
Pfeiffer Vacuum will acquire 100 percent of the shares in Trinos
effective January 1, 2010. The purchase price will be financed in
cash. Confidentiality has been agreed regarding the total volume of
the transaction.

By expanding the Pfeiffer Vacuum portfolio to include the
high-quality vacuum components, chambers and systems from Trinos
Vakuum-Systeme, the company can now offer its customers throughout
the world even more comprehensive solutions for their vacuum needs.
The expertise possessed by the two companies in developing and
engineering new technologies is also complementary. All regions and
market segments will benefit from this acquisition, in particular the
North America region and the analytical, coating and research &
development segments.

Pfeiffer Vacuum Chief Executive Officer Manfred Bender explains: "Of
all of the potential acquisitions that we have recently reviewed,
Trinos Vakuum-Systeme makes for the best fit with us. The company is
young, fast growing, profitable and active in the same markets we
are. Trinos has a very good name in the marketplace. With this move,
Pfeiffer Vacuum is taking a further step along the road to becoming a
full-line provider of vacuum applications. We are convinced that
Trinos' integration into our worldwide sales and service network will
be swift, and we intend to work together to generate further growth."

Trinos Vakuum-Systeme GmbH was formed in 1997 by Peter Spreitz and
Marcus Weinhagen. The company employs a workforce of around 140
people. Sales revenues in fiscal 2008 totaled some ¤ 18 million. In
September 2009, Trinos was awarded the SME Grand Prix from the Oskar
Patzelt Foundation. Pfeiffer Vacuum plans to retain and expand the
location in Göttingen, along with all of its employees. The two
former owners will remain with the company as managing directors.



--- End of Message ---

Pfeiffer Vacuum Technology AG
Berliner Strasse 43 Asslar
Germany

WKN: 691660; ISIN: DE0006916604; Index: TecDAX, CDAX, HDAX, MIDCAP,
Prime All Share, TECH All Share;
Listed: Prime Standard in Frankfurter Wertpapierbörse, Freiverkehr in
Börse Berlin,
Freiverkehr in Bayerische Börse München, Freiverkehr in Börse
Düsseldorf,
Freiverkehr in Börse Stuttgart, Freiverkehr in Hanseatische
Wertpapierbörse zu Hamburg,
Freiverkehr in Niedersächsische Börse zu Hannover, Open Market
(Freiverkehr) in Frankfurter Wertpapierbörse,
Regulierter Markt in Frankfurter Wertpapierbörse;
Copyright GlobeNewswire, Inc. 2016. All rights reserved.
You can register yourself on the website to receive press releases directly via e-mail to your own e-mail account.