Atlas Copco, a leading provider of sustainable productivity solutions, has agreed to acquire the vacuum business of OC Oerlikon Corporation AG, for a total enterprise value of MEUR 486.

Oerlikon, founded in 1850,is based in Switzerland and listed on the SIX Swiss Exchange. Atlas Copco has agreed to acquire the vacuum segment of the company, Oerlikon Leybold Vacuum. The vacuum business is headquartered in Cologne, Germany, has about 1 600 employees, and had revenues in 2014 of MCHF 390 (MEUR 358, MSEK 3 335).

“Leybold will strengthen our technology platform for superior vacuum solutions,” said Nico Delvaux, President of Atlas Copco’s Compressor Technique business area. “We welcome a very knowledgeable workforce with a long history.”

Oerlikon Leybold Vacuum’s vacuum solutions are used to create clean, particle-free environments for such applications as automotive, metallurgy, coating of microchips, and the manufacturing of analytical instruments.

The acquisition of Oerlikon Leybold Vacuum follows Atlas Copco’s acquisition in 2014 of Edwards Group Ltd., which was the Group’s first major step into the vacuum solutions business.

The acquisition is an all-cash transaction utilizing Atlas Copco’s existing funds, and is subject to regulatory approvals. The acquisition is estimated to be completed in the first half of 2016. The acquired business will become part of Atlas Copco’s Vacuum Solutions division in the Compressor Technique business area.

Atlas Copco’s Compressor Technique business area provides industrial compressors, vacuum solutions, gas and process compressors and expanders, air and gas treatment equipment and air management systems. The business area has a global service network and innovates for sustainable productivity in the manufacturing, oil and gas, and process industries. Principal product development and manufacturing units are located in Belgium, the United States, China, South Korea, Germany, Italy and the United Kingdom.

About Atlas Copco

Atlas Copco is a world-leading provider of sustainable productivity solutions. The Group serves customers with innovative compressors, vacuum solutions and air treatment systems, construction and mining equipment, power tools and assembly systems. Atlas Copco develops products and services focused on productivity, energy efficiency, safety and ergonomics. The company was founded in 1873, is based in Stockholm, Sweden, and has a global reach spanning more than 180 countries. In 2014, Atlas Copco had revenues of BSEK 94 (BEUR 10.3) and more than 44 000 employees.