Proventis Partners advised OC Oerlikon Corporation in acquiring a Swiss coating technology company

Zurich, March 13, 2018 – Proventis Partners advised OC Oerlikon Corporation in acquiring Sucotec Ltd, a Swiss company offering CVD-equipment for tooling.

The transaction

Oerlikon has acquired Sucotec AG, a Swiss manufacturer specializing in CVD (Chemical Vapour Deposition) equipment for the tools market. The acquisition enhances the range of products and services provided by Liechtenstein-based coating specialist Oerlikon Balzers, which focuses on PVD (Physical Vapour Deposition) and PACVD (Plasma Assisted Chemical Vapour Deposition).

Oerlikon Balzers has long pursued a strategy of investing in growth and expanding the wide range of systems, coating solutions and services it offers with the aim of providing efficient and customized solutions for its customers. This acquisition represents another firm step in that direction. Each new acquisition increases the company footprint and contributes to its global presence — with 108 coating centres and development/engineering sites worldwide, Oerlikon Balzers is close to its customers no matter where they are.

The owner-managed Sucotec AG was founded in 2007 in Liestal, Switzerland. In a very short space of time the company has established an outstanding reputation for itself, the result of its pioneering CVD equipment technology and strong customer focus.

The acquisition sees Sucotec become part of Oerlikon Balzers. Day-to-day operations at the existing site, as well as business and collaboration with Sucotec customers and partners, will continue as before under the management of previous CEO Werner Burgin, now as part of Oerlikon Balzers. Both parties have agreed not to disclose the purchase price.

Sucotec AG stands out from its competitors primarily through the high quality of its coating systems and the outstanding commitment to its customers in all areas, from adaptation to specific customer requirements in the early system development phase through to its after-sales service. This focus on customer needs is reflected in the remarkable loyalty demonstrated by its customers over a long period of time. “Oerlikon Balzers can offer our customers a global service and distribution network. With a long-term vision and the power of innovation of a global leader in coating solutions, our customers can only benefit from this acquisition”, said Werner Burgin.

“We are delighted to welcome our new colleagues from Langenthal, with their innovative ideas, and with our new site in Switzerland”, said Marc Desrayaud, Head of Business Unit Balzers Industrial Solutions. “The technologies and systems they develop are the perfect addition to our product range, benefiting our customers in a large number of ways, and the acquisition also allows us to serve entirely new customer groups.”

The role of Proventis Partners

Proventis Partners has supported the M&A-team of OC Oerlikon Corporation and the management team of Oerlikon Balzers in this M&A transaction, as M&A-advisor. OC Oerlikon has been supported and advised by Proventis Partners throughout the entire process from the initial contact with the seller to commercial negotiations and the successful Closing.

About Proventis Partners

Proventis Partners advises corporates and private equity firms on national and international M&A transactions as well as on the selection of the suitable financing solutions in corporate-finance-projects. The support on M&A projects ranges from strategy development to post-merger integration. The focus is on companies within the machinery, trade, business services, TMT, consumer goods, logistic, as well as healthcare sector. Proventis Partners has successfully closed above 200 transactions with an overall transaction volume of EUR 4 billion and a team of over 30 professionals.