Oerlikon expands technology portfolio
Oerlikon has announced that it has acquired Primateria AB in Sweden und signed an agreement to acquire the assets of DiaPac LLC and Diamond Recovery Services Inc (DRS) in the US.
Oerlikon has announced that it has acquired Primateria AB in Sweden und signed an agreement to acquire the assets of DiaPac LLC and Diamond Recovery Services Inc (DRS) in the US. With the acquisitions, the Group continues to add promising technologies and expertise in the field of advanced materials and surface solutions to reinforce and expand its business offering.
DiaPac LLC is an internationally recognised leader in providing high-performance powered metals, wear resistant surface coatings and cemented carbides for use in oil & gas, mining, construction, agricultural and manufacturing operations. Diamond Recovery Services (DRS) specialises in providing hard materials and environmentally complementary reclamation services that are applied across a broad spectrum of applications. With the acquisitions, Oerlikon gains strong complementary knowledge for the manufacturing, processing, application and recovery/recycling of advanced materials, especially tungsten carbide. It will also benefit from an expansion of market access in the oil & gas, metal matrix composites and US powered metals industries.
Primateria is a provider of surface engineering services in Sweden, specialising in pre- and post-treatment solutions for tool optimisation. With the acquisition, Oerlikon strengthens its foothold in the gear cutting market, especially in Sweden, and will be able to provide even greater know-how and a broader portfolio of surface treatments to its customers worldwide.
Dr. Roland Fischer, CEO of the Oerlikon Group, said: â€œThese acquisitions are proof points that we are successfully executing on our strategy for surface solutions and advanced materials. We target very specific companies, which are leaders in their fields, have proven market success with their technologies and services, and thereby can bring to Oerlikon excellent value that complement our existing competencies. As we see a growing demand for surface solutions technologies in many of our end markets, we will continue to expand and improve our technology and service offering to meet the needs of our customers today and in the future.â€