Oerlikon signs agreement to acquire INglass, a global leader in high precision polymer flow control equipment, to scale up expansion strategy in polymer processing market

摘要

1. INglass and its HRSflow Division is a market leader spezialized in hot runner sytems. 2. Technology is highly complementary to Oerlikon's existing capabilities in polymer flow control and will expand Oerlikon's market access. 3. Acquisition accelerates Oerlikon's strategy in diversifying its manmade fibers business to expand into the high-growth polymer processing solution market. 4. Oerlikon renames 'Manmade Fibers' Division to 'Polymer Processing Solutions'. 5. Acquisition is expected to be completed in the second quarter of 2021. Oerlikon, a leading provider of surface engineering, polymer processing and additive manufacturing, announced today that it has signed an agreement to acquire Italy-headquartered INglass S.p.A. and its innovative hot runner systems technology operating under its market-leading HRSflow business. The strategic acquisition is a significant step in expanding Oerlikon's current manmade fibers business into the larger polymer processing market. The acquisition accelerates and enhances existing organic initiatives to diversify and strengthen the company's core high-precision polymer flow control capabilities, products and services. The completion of the transaction is subject to customary regulatory approvals and is expected by the second quarter of 2021.