Pfeiffer Vacuum Technology AG has completed a major acquisition of Nor-Cal Products Inc. in a move that will create the leading supplier of vacuum components in the US.
The $68m deal seeks to establish further growth opportunities in Asia, extend sales reach across all market segments and offer a broader product portfolio and new technology solutions.
Pfeiffer CEO Manfred Bender called the takeover an “important transaction” and added, “With Nor-Cal, we will significantly reinforce our position in the increasingly attractive market for vacuum components.”
“Now, we are not only better able to serve growth markets in the US and Asia, we have also reinforced all market segments. The transaction fully supports our declared strategy of tapping the vacuum market’s great potential by way of acquisitions.”
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