According to Roland Fischer, CEO Oerlikon Group, the company delivered a strong second quarter and half-year performance, due to the strategy and the actions taken over the past two years.
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Oerlikon order intake declined by 17.3 per cent year-over-year to CHF 518 million and Group sales decreased by 6.4 per cent to CHF 593 million, partly due to adverse currency movements.
Oerlikon, a leading technology and engineering group, has signed a definitive agreement to divest its Drive Systems Segment to Dana Incorporated for an enterprise value of CHF 600 million
Oerlikon has signed an agreement to acquire Scoperta Inc, an innovative solution provider in advanced materials development, based in California, USA.