Oerlikon Sells Barmag to Rieter to Focus on Surface Technologies

An announcement from OC Oerlikon Corporation AG ( (CH:OERL) ) is now available.

Oerlikon has announced the sale of its Barmag textile machinery business for synthetic fibers to Rieter, marking a significant step in its strategy to become a pureplay surface technology company. The transaction, valued at up to CHF 950 million, will allow Oerlikon to focus on its core competencies and drive growth in surface technologies, while optimizing value for stakeholders and enhancing Rieter’s presence in the synthetic fibers sector.

More about OC Oerlikon Corporation AG

OC Oerlikon Corporation AG is a global leader in surface technologies, offering a unique portfolio in surface technology, advanced materials, coating systems, and components. The company serves a variety of industries, including aerospace, automotive, defense, energy, medical technology, luxury goods, and semiconductors. Headquartered in Pfäffikon, Switzerland, Oerlikon operates with over 12,000 employees across 199 locations in 38 countries.

YTD Price Performance: 5.09%

Average Trading Volume: 608,177

Technical Sentiment Signal: Buy

Current Market Cap: CHF1.14B

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