Applied Films Corporation completed the acquistion of Vacuum Coating Technologies, Inc on 28 November 2005, the thin film deposition equipment manufacturer announced.
Based in Fairfield, California, …
Applied Films Corporation completed the acquistion of Vacuum Coating Technologies, Inc on 28 November 2005, the thin film deposition equipment manufacturer announced. Based in Fairfield, California, VACT engineers, manufactures, sells and services thin film deposition equipment for the architectural and automotive glass market. VACT has been making glass coating equipment for over 25 years. It was originally known as BOC Coating Technology, a part of a division of the BOC group, Inc. and subsequently was a subsidiary of Von Ardenne Anlagentechnik GmbH. The transaction is expected to be accretive in Applied Films fiscal year ending June 2006. The total purchase price for VACT was USD 27.75 million including USD 13.9 million in cash and approximately 694,000 shares of Applied Films common stock. Thomas T. Edman, Chief Executive Officer of Applied Films Corporation, said, “The VACT acquisition gives us a complete suite of technology including the C-MAG(R) rotatable cathode technology, an experienced workforce, as well as a manufacturing and technology center in the United States to enhance our glass customer service.” Applied Films will present at the Lehman Brothers 2005 Global Technology Conference to be held on 9 December 2005 at The Fairmont Hotel in San Francisco, California.