- Both companies start negotiations on a cooperation agreement focusing on the areas of Purchasing, Sales and Service, Research & Development as well as IT
- Agreement should allow joint market development to mutual benefit
- Customers would benefit from a wider product range
- Busch group confirms long-term commitment and increases stake in Pfeiffer Vacuum to over 50 percent
A cooperation is planned especially in the areas of Purchasing, Sales, Research & Development and IT. In connection with the planned cooperation, Pangea GmbH, a wholly-owned subsidiary of Busch SE, announces that it has increased its stake in Pfeiffer Vacuum to more than 50 percent.
As a result of the planned cooperation agreement, the Busch group and Pfeiffer Vacuum could work together more closely in the future and utilize synergy effects to their mutual advantage. This could pave the way for initiatives such as jointly coordinated projects, thus increasing both parties' innovative power and strengthening their respective competitive positions in the consolidating market for vacuum technology.
The Busch group and Pfeiffer Vacuum have a complementary product portfolio and could in the future work together to provide their customers with an even broader range of products. The Busch group is a leading specialist for industrial vacuum, which is used in the packaging industry for example. Pfeiffer Vacuum, on the other hand, focuses on high vacuum, which is required, for example, for analysis devices, in research & development, coating or the semiconductor industry.
"We are pleased about today's launch of a planned cooperation, which we will now work out in detail together with the management of Pfeiffer Vacuum," says Sami Busch, one of the Managing Partners of the Busch group. "The agreement should enable synergy effects to be utilized in selected areas and thus strengthen the market position of both Pfeiffer Vacuum and the Busch group. Our customers would benefit from our more comprehensive product offering for various application areas and our joint market development efforts. With this step and with the increase of our shareholding to more than 50 percent, we are also reaffirming our long-term commitment to Pfeiffer Vacuum."
"Through the strategic cooperation with the Busch group, for example in research and development projects as well as procurement, IT and sales processes, we could realize accelerated growth and an improved competitive position in the coming years," says Dr Eric Taberlet, CEO of Pfeiffer Vacuum. "The cooperation would also provide outstanding support for our current growth strategy, which is based on a three-year investment program with a volume of EUR 150 million."
In the coming weeks, both companies will agree on the framework for the planned cooperation agreement and evaluate the growth and synergy potential in the selected areas.