Oerlikon creates the global technology leader in Surface Solutions
Oerlikon accelerates Group transformation
"This step marks an important milestone for the
Oerlikon Balzers is the global technology leader in the service-driven PVD (physical vapor deposition) business. Metco is the global technology leader in the thermal spray and surface applications business. The combination will expand Oerlikon's market in Surface Solutions to some
The combined businesses will form the new Surface Solutions Segment and have pro-forma sales of
Customer access, broad industry coverage, complementary business models
•The combination of Oerlikon Balzers and Metco will offer customers a unique product and solution portfolio across both thin-film and thermal spray surface technologies.•Oerlikon Balzers' fast-growing components business will build on Metco's strong application know-how where customers require a tailored solution for specific applications.•The acquisition will also deepen access in new end-markets such as aerospace, defense, power, oil & gas, and accelerates growth outside the traditional precision tooling and automotive sectors.•Metco will access Oerlikon Balzers' well-established and highly successful service approach to further grow the thermal spray service business.•Oerlikon Balzers' proven ability to replicate successful market penetration is a key enabler for acceleration of the thermal spray and plasma nitriding services and rapid geographic expansion - especially in emerging markets.
Financing of transaction leaves flexibility for further steps
With nine strategic transactions since 2010 to shape the portfolio, and with significant underlying operational improvements, the
The closing of the transaction is subject to the approval of merger control in various jurisdictions.
For further information please contact:
Head of Corporate Communications
T +41 58 360 96 02
F +41 58 360 98 02
Head of Investor Relations
T +41 58 360 96 22
F +41 58 360 98 22
Oerlikon (SIX: OERL) is a leading high-tech industrial group specializing in machine and plant engineering. The Company is a provider of innovative industrial solutions and cutting-edge technologies for manmade fibers manufacturing, drive systems, vacuum, coating and advanced nanotechnology. A Swiss company with a tradition going back over 100 years, Oerlikon is a global player with around 13 000 employees at around 160 locations in 34 countries and sales of
About Oerlikon Balzers
Oerlikon Balzers is one of the world's leading suppliers of surface technologies that significantly improve the performance and durability of precision components as well as tools for the metal and plastics processing industries. These coatings, marketed under the BALINIT and BALIQ brand names, are extremely thin and exceptionally hard. They significantly reduce friction and wear. Oerlikon Balzers also develops processes, manufactures and sells systems and production facilities, and offers contract coating services through a dynamically growing network of currently 93 coating centers in
Metco enhances surfaces with coating solutions and equipment. Customers benefit from a uniquely broad range of surface technologies, coating solutions, equipment, materials, services, and specialized machining services and components. The innovative solutions improve performance and increase efficiency and reliability. Metco serves industries such as power generation, aviation, automotive, and other specialized markets.
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 actual results, including Oerlikon's financial results and results of operation, may vary materially from and be worse than those (expressly or implicitly) anticipated, expected or projected in the forward-looking statements. There can be no assurance and no representation or warranty, express or implied, given that such forward-looking statements will be realized. Oerlikon is under no obligation to (and expressly 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, 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.
Media release (pdf)
|Provider/Channel related enquiries|
+41 41 763 00 50