Oerlikon strengthens technology portfolio with multiple acquisitions
October 9, 2017
Oerlikon, Pfäffikon, Schwyz, Switzerland, has acquired Primateria AB in Sweden and signed an agreement to acquire the assets of DiaPac LLC and Diamond Recovery Services Inc (DRS) in the USA. According to the group, these acquisitions are aimed at adding promising technologies and expertise in the field of advanced materials and surface solutions, to reinforce and expand its business offering.
Primateria is a provider of surface engineering services in Sweden, specialising in pre- and post-treatment solutions for tool optimisation. With this acquisition, Oerlikon expects to strengthen its foothold in the gear cutting market and to provide greater expertise and a broader portfolio of surface treatments to its customers worldwide.
DiaPac LLC is an internationally recognised leader in providing high-performance powder metals, wear-resistant surface coatings and cemented carbides for use in oil & gas, mining, construction, agricultural and manufacturing operations. Diamond Recovery Services (DRS) specialises in providing hard materials and environmentally complementary reclamation services, applied across a broad spectrum of applications.
With these acquisitions, Oerlikon expects to gain strong complementary knowledge for the manufacturing, processing, application and recovery/recycling of advanced materials, especially tungsten carbide. It will also benefit from increased market access in the oil & gas, metal matrix composites and US powder metals industries.
Dr Roland Fischer, Oerlikon Group CEO, stated. “These acquisitions are proof points that we are successfully executing on our strategy for surface solutions and advanced materials. We target very specific companies, which are leaders in their fields, have proven market success with their technologies and services, and thereby can bring to Oerlikon excellent value that complement our existing competencies. As we see a growing demand for surface solutions technologies in many of our end markets, we will continue to expand and improve our technology and service offering to meet the needs of our customers today and in the future.”
The acquired companies bring to Oerlikon Group a combined 2016 revenue of CHF 10 million and a combined workforce of forty employees. As part of the group, DiaPac, DRS and Primateria are expected to be able to leverage the global market reach, innovation competencies and financial power of Oerlikon to bring their products and services to the next level. The purchase prices were not disclosed.
