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Pfeiffer Vacuum Technology AG

EANS-News: Pfeiffer Vacuum Technology AG
Pfeiffer Vacuum Technology AG intends to acquire Alcatel-Lucent´s Vacuum Technology Unit "Adixen"

Aßlar (euro adhoc) -

• On the road to becoming a world leader in vacuum
    • 2011 
sales revenues of more than € 500 million anticipated based on
strong business performance
    • Strategic complement in backing 
pumps and improved access to Asian markets
  Corporate news transmitted by euro adhoc. The issuer/originator is solely
  responsible for the content of this announcement.
Company Information/Mergers & Acquisitions
Subtitle:    • On the road to becoming a world leader in vacuum    • 
2011 sales revenues of more than € 500 million anticipated based on  
strong business performance    • Strategic complement in backing 
pumps and improved access to Asian markets
NOT FOR RELEASE; PUBLICATION OR DISTRIBUTION IN
OR INTO THE UNITED STATES OF AMERICA, CANADA, JAPAN, AUSTRALIA OR TO 
U.S. PERSONS
Asslar, Germany, November 3, 2010. Pfeiffer Vacuum Technology AG, 
Asslar, intends to acquire Alcatel-Lucent´s Vacuum Technology Unit 
("Adixen") which is headquartered in Annecy, France. Negotiations on 
the purchase of the companies, patents and licenses belonging to this
unit have been largely finalized.
Manfred Bender, Chief Executive Officer of Pfeiffer Vacuum Technology
AG, comments on the envisaged acquisition: "With this move, Pfeiffer 
Vacuum is now entering a new dimension of business. We will not only 
double our sales revenues, but also significantly increase our market
presence. We have always said we want to enhance our position in 
backing pumps, and we believe that the Adixen product portfolio is 
the perfect fit for us. In addition, we will expand our international
sales and service network and, in particular, gain better overall 
access to the high-growth Asian markets." Bender adds: "We at 
Pfeiffer Vacuum are dedicated to creating and enhancing value for our
shareholders. Based on the current strong business performance we 
expect to generate sales revenues of more than EUR 500 million in the
fiscal year 2011.The financial results we announced this morning 
demonstrate that we were able to return our EBIT margin to normal, 
even during the first year of the Trinos integration. And we are 
going to show the same strict discipline in connection with the 
Adixen integration."
Jean-Yves Guegan, President of Adixen, notes: "The combination of 
Adixen and Pfeiffer Vacuum, two leaders in pumping solutions and leak
detection systems, will create a powerful force in the industry. Our 
portfolio and talent meshes quite well with that of Pfeiffer Vacuum 
and will create a platform to better serve both companies´ existing 
customers as well as drive growth in overall market share."
Alcatel-Lucent´s Vacuum Technology Unit, which does business under 
the Adixen brand name, is an acknowledged world leader in vacuum 
pumps and leak detectors with a top market position in the field of 
backing pumps. In fiscal year 2009, the Adixen unit generated sales 
revenues of EUR 134 million and a negative EBITDA of EUR 3 million 
which was largely attributable to the general economic crisis. The 
interim financial statements for the Adixen unit for the period ended
June 30, 2010, record sales revenues of EUR 116 million and an EBITDA
of EUR 14 million. On the basis of these numbers, sales revenues of 
approximately EUR 270 million and an EBITDA of approximately EUR 40 
million are anticipated for the entire fiscal year 2010.
The purchase price for this unit will total approximately EUR 200 
million on a debt/cash-free basis and will be fully financed through 
a bank loan. Pfeiffer Vacuum intends to reduce a portion of the 
acquisition financing by selling treasury shares and through a 
capital increase from authorized capital in the amount of up to 10 
percent of its share capital. The supervisory board of Pfeiffer 
Vacuum consented to the acquisition today. Prior to the signing of 
the contract, a hearing of employee councils of the Alcatel-Lucent 
group is required. The acquisition is planned to become effective on 
December 31, 2010.
Hauck & Aufhäuser Investment Banking and Wagram Corporate Finance 
acted together as sole financial advisors to Pfeiffer Vacuum on this 
transaction.
About Pfeiffer Vacuum Pfeiffer Vacuum (Stock Exchange Symbol PFV, 
ISIN DE0006916604) is one of the world´s leading providers of vacuum 
solutions. Among a full range of hybrid- and magnetically levitated 
turbopumps, the portfolio comprises of backing pumps, measurement and
analysis devices, components, vacuum chambers and systems. Ever since
the invention of the turbomolecular pump by Pfeiffer Vacuum, the 
company has stood for innovative solutions and high-technology 
products that are used in the analytical segment, in research and 
development, environmental technology, chemistry, semiconductor 
production and coating technology, as well as in the automotive 
industry and any number of further sectors. Founded in 1890, Pfeiffer
Vacuum is today active throughout the world together with a workforce
of some 900 people as well as 14 subsidiaries and over 20 agencies. 
Further information is available at www.pfeiffer-vacuum.com.
Disclaimer: This release does not constitute an offer of securities 
for sale, a solicitation of an offer to purchase or to subscribe for 
securities of Pfeiffer Vacuum Technologies AG ("Pfeiffer Vacuum"). 
Neither this release nor anything contained herein shall form the 
basis of, or be relied on, in connection with, any offer or 
commitment whatsoever.
This information is not for release, publication or distribution in 
or into the United States of America and may not be distributed to 
U.S. persons (as defined in Regulation S under the United States 
Securities Act of 1933, as amended (the "Securities Act")).  In 
particular, this information does not constitute an offer of 
securities for sale, a solicitation of an offer to purchase or to 
subscribe for securities of Pfeiffer Vacuum in the United States.  
The securities of Pfeiffer Vacuum may not be offered, sold or 
delivered in the United States or to or for the account or benefit of
U.S. persons, unless registered under the Securities Act or pursuant 
to an exemption from such registration.  The securities will not be 
registered under the Securities Act. There will be no public offer of
securities of Pfeiffer Vacuum in the United States.
end of announcement                               euro adhoc

Further inquiry note:

Brigitte Looß
Leiterin Investor Relations
Tel.: +49 (6441) 802-346
E-Mail: Brigitte.Loos[at]pfeiffer-vacuum.de

Branche: Machine Manufacturing
ISIN: DE0006916604
WKN: 691660
Index: TecDAX, CDAX, HDAX, Prime All Share, DAXsector All Industrial
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
Hannover / free trade
München / free trade

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Plus de actualités: Pfeiffer Vacuum Technology AG