Media Release
 
 
Delivering on strategy

Sale of the Drive Systems Segment successfully closed

Pfäffikon, Schwyz, Switzerland - March 1, 2019 - Oerlikon (SIX: OERL), a
leading technology and engineering group, announced today that it has
successfully concluded the sale of the Drive Systems Segment to Dana
Incorporated (NYSE: DAN). The agreement to divest was signed and announced in
July 2018. After receiving all the required regulatory approvals and satisfying
all closing conditions, the closing of the sale is now successfully completed.
 
"The closing of the transaction marks the next milestone in the execution of
our strategy," said Dr. Roland Fischer, CEO of Oerlikon Group. Following the
sale, we will now concentrate our efforts and resources in sustaining the growth
and performance of our surface solutions and manmade fibers businesses."
 
The transaction frees up resources for Oerlikon to fund innovation, invest in
organic and inorganic growth and to further implement digital and operational
excellence initiatives to drive future growth. The transaction has an enterprise
value of CHF 600 million. In the 2018 full-year financial statements, the drive
systems business will be reported as discontinued operations. All financial
details and impacts related to the closing of this sale will be provided with
Oerlikon's full-year financial announcement on March 5, 2019.
 
 
About Oerlikon
Oerlikon (SIX: OERL) engineers materials, equipment and surfaces and provides
expert services to enable customers to have high-performance products and
systems with extended lifespans. Drawing on its key technological competencies
and strong financial foundation, the Group is sustaining mid-term growth by
executing three strategic drivers: addressing attractive growth markets,
securing structural growth, and expanding through targeted mergers and
acquisitions. A leading global technology and engineering Group, Oerlikon
operates its business in two Segments - Surface Solutions and Manmade Fibers
- and has a global footprint of over 9 500 employees at 171 locations in 37
countries. In 2017, Oerlikon generated CHF 2.1 billion in restated sales and
invested around CHF 100 million in R&D.
 

  


For further information, please contact:

Andreas Schwarzwälder Head of Investor Relations                 
Head of Group Communications & Marketing a.i. Tel            
+41 58 360 96 22 a.schwarzwaelder@oerlikon.com www.oerlikon.com  


 
 
Disclaimer
OC Oerlikon Corporation AG, Pfäffikon together with its affiliates, hereinafter
referred to as "Oerlikon", has made great efforts to include accurate and
up-to-date information in this document. However, Oerlikon makes no
representation or warranties, expressed or implied, as to the truth, accuracy or
completeness of the information provided in this document. Neither Oerlikon nor
any of its directors, officers, employees or advisors, nor any other person
connected or otherwise associated with Oerlikon, shall have any liability
whatsoever for loss howsoever arising, directly or indirectly, from any use of
this document.
 
The contents of this document, including all statements made therein, are based
on estimates, assumptions and other information currently available to the
management of Oerlikon. This document contains certain statements related to the
future business and financial performance or future events involving Oerlikon
that may constitute forward-looking statements. The forward-looking statements
contained herein could be substantially impacted by risks, influences and other
factors, many of which are not foreseeable at present and/or are beyond
Oerlikon's control, so that the actual results, including Oerlikon's
financial results and operational results, may vary materially from and differ
from those, expressly or implicitly, provided in the forward-looking statements,
be they anticipated, expected or projected. Oerlikon does not give any
assurance, representation or warranty, expressed or implied, that such
forward-looking statements will be realized. Oerlikon is under no obligation to,
and explicitly disclaims any obligation to, update or otherwise review its
forward-looking statements, whether as a result of new information, future
events or otherwise.
 
This document, including any and all information contained therein, is not
intended as, and may not be construed as, an offer or solicitation by Oerlikon
for the purchase or disposal of, trading or any transaction in any Oerlikon
securities. Investors must not rely on this information for investment decisions
and are solely responsible for forming their own investment decisions.



* Download here: Press Release Drive Systems Closing (PDF): http://e3.marco.ch/publish/oerlikon/501_2717/20190301_Oerlikon_Press_Release_DriveSystems_Closing_final.pdf 

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