Mooreland Partners Advises OC Oerlikon Corporation AG in the Divestiture of Its Etch Business
Pfäffikon Switzerland – January 30, 2009 – Mooreland Partners is pleased to announce that it acted as exclusive financial advisor to OC Oerlikon Management AG (“Oerlikon”) on the divestiture of its Etch Capital Equipment Business to Plasma-Term, a privately-held company. Oerlikon’s Etch Business designs, manufactures, markets and services plasma etch and deposition systems that enable the production of IC memory and related microelectronics devices used in solid state lighting, personal computers, wireless voice and data telecommunications, radio frequency identification devices (RFID), smart cards, data storage and nano-scale actuators.
About OC Oerlikon Corporation AG: OC Oerlikon Corporation AG is a globally leading company in the field of solar, thin film, vacuum propulsion, textile and precision technology. Based on these core competencies, Oerlikon develops production systems, components, and services for high-technology products. The company’s commercial activities center on turn-key solutions for the manufacturing of thin film silicon solar modules (Oerlikon Solar) protective coatings for precision tools and components, production systems for wafer (Oerlikon Coating), systems for producing vacuums and conveying process gases (Oerlikon Vacuum), equipment for textile production (Oerlikon Textile) and propulsion technology (Oerlikon Drive Systems) as well as optical components, aerospace and semiconductor technology (Oerlikon Components). Headquartered in Pfäffikon, Switzerland Oerlikon employs over 19,000 people worldwide and reported LTM revenues of CHF4.7 billion.