Pfeiffer Vacuum Technology AG announces the signing of a contract to acquire Trinos Vakuum-Systeme GmbH of Gttingen, Germany. Under the terms of the agreement, Pfeiffer Vacuum will acquire 100% of the…
Pfeiffer Vacuum Technology AG announces the signing of a contract to acquire Trinos Vakuum-Systeme GmbH of Gttingen, Germany. Under the terms of the agreement, Pfeiffer Vacuum will acquire 100% of the shares in Trinos effective 1 January 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 totalled EUR 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 Gttingen, along with all of its employees. The two former owners will remain with the company as managing directors.