Paris, November 3, 2010 – Alcatel-Lucent (Euronext Paris and NYSE: ALU) announced today that it intends to sell its vacuum pump solutions and instruments business to Pfeiffer Vacuum Technology AG, a world leader in the vacuum industry that develops and manufactures in Asslar, Germany a broad range of vacuum pumps, instruments and accessories. The sale is subject to finalization of the information and consultation process of the various concerned Alcatel-Lucent legal entities workers’ councils. It is expected to close by December 31st, 2010. The purchase price will total approximately € 200 million on a debt/cash-free basis and will be paid in cash.
Alcatel-Lucent’s vacuum technology business includes vacuum pumps, leak detectors, vacuum gauges, plasma sensors, valves, flanges and fittings. Developed and manufactured in Annecy, France, these innovative solutions carry the ADIXEN brand-name. The transaction perimeter includes the headquarters in Annecy and 13 subsidiaries primarily focused on the sale and service of ADIXEN products.
Manfred Bender, CEO of Pfeiffer Vacuum Technology AG, comments on the acquisition: “We are happy to have the opportunity to become a world leader in vacuum solutions. Adixen is a leading supplier of vacuum products and leak detection instruments. The Adixen product portfolio is the perfect fit for us. In addition to this, we expand our international sales and marketing network and in particular gain an improved access to the Asian markets.”
As part of its strategic transformation, Alcatel-Lucent is executing on plans to focus its operations and its attention on activities that are core to its long-term strategy, to partner in others, and to divest in activities which will be best positioned for further growth in a company that can leverage its portfolio and talent to become a leader in pumping solutions and leak detection systems.
This move will enable Alcatel-Lucent to strategically focus its investments on next generation technologies such as IP, optics, LTE, 3G, services, and Application Enablement, while ensuring its customers’ vacuum requirements will continue to be met.
Alcatel-Lucent (Euronext Paris and NYSE: ALU) is the trusted transformation partner of service providers, enterprises, strategic industries such as defense, energy, healthcare, transportation, and governments worldwide, providing solutions to deliver voice, data and video communication services to end-users. A leader in fixed, mobile and converged broadband networking, IP and optics technologies, applications and services, Alcatel-Lucent leverages the unrivalled technical and scientific expertise of Bell Labs, one of the largest innovation powerhouses in the communications industry. With operations in more than 130 countries and the most experienced global services organization in the industry, Alcatel-Lucent is a local partner with a global reach. Alcatel-Lucent achieved revenues of Euro 15.2 billion in 2009 and is incorporated in France, with executive offices located in Paris. For more information, visit Alcatel-Lucent on the Internet: http://www.alcatel-lucent.com, read the latest posts on the Alcatel-Lucent blog http://www.alcatel-lucent.com/blog and follow us on Twitter: http://twitter.com/Alcatel_Lucent.