CRAWLEY, WEST SUSSEX, UK. (9 August, 2013) - Edwards Group Limited (NASDAQ: EVAC), a leading manufacturer of sophisticated vacuum products and abatement systems and a global provider of related value-added services, Edwards has entered into a definitive agreement to acquire the business and certain assets of Gamma Vacuum (“Gamma”), a market leader in the design, manufacture and service of ultra-high vacuum (UHV) pumps. Founded in 2003, Gamma has a very strong reputation for the manufacture and distribution of Ion and Titanium Sublimation pumps.
The two founders of Gamma will remain with the business and manufacturing will continue at the existing facility in Shakopee, Minnesota. The transaction is expected to be completed in September 2013 and is subject to standard closing conditions.
Gamma’s product range comprises UHV pumps used in applications principally in the R&D sector such as for high energy physics, together with other R&D, Scientific and Industrial applications. In 2012 Gamma had revenues in excess of US$9 million with a customer base of over 350, principally spread across both the US and Europe, and in Japan. They include a broad range of government laboratories, universities and specialist manufacturers.
Jim Gentilcore, Edwards Chief Executive Officer, commented “We are delighted to welcome Dan Wetterlin, Tony Wynohrad and the rest of the Gamma team to Edwards. They have an enviable reputation and strong technical know-how in a vacuum segment that we have been interested in for some time. We see significant opportunities to help develop the Gamma brand and their global presence. Gamma’s customers will benefit from the global scale and customer service capabilities of Edwards, together with the technical knowhow and support from the largest R&D capability in the industry.
I am very excited by this acquisition which is an excellent fit with our own capabilities and business strategy. It will expand Edwards’ product range into UHV, giving us the capability to supply a total vacuum package from UHV through to atmospheric pumping. This opens up the full range of applications in Scientific and R&D sectors to us, thus providing additional potential revenue synergies for Edwards’ own product range when sold in combination with the Gamma product.”
For further information please contact:
Head of Investor Relations Edwards
Tel: +44 1293 528844
Fax: +44 1293 534149
PR Communications Edwards
Tel: +44 1293 603103
Fax: +44 1293 534149
Edwards is a leading developer and manufacturer of sophisticated vacuum products, abatement systems and related value-added services. These are integral to manufacturing processes for semiconductors, flat panel displays, LEDs and solar cells; are used within an increasingly diverse range of industrial processes including power, glass and other coating applications, steel and other metallurgy, pharmaceutical and chemical; and for both scientific instruments and a wide range of R&D applications.
Edwards has over 3,200 full-time employees and 500 temporary workers operating in approximately 30 countries worldwide engaged in the design, manufacture and support of high technology vacuum and exhaust management equipment.
Edwards’ American Depositary Shares trade on The NASDAQ Global Select Market under the symbol EVAC. Further information about Edwards can be found at www.edwardsvacuum.com.
The Edwards Group Limited logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=13010
For further information about Gamma please visit www.gammavacuum.com.
The contents of this email and any attachments are confidential and are provided solely for the use of the intended recipient(s). If you are not the intended recipient, you are hereby notified that any copying, disclosure, distribution, or use of this e-mail, its attachments or any information contained therein is unauthorized and strictly prohibited and you should please contact the sender immediately and delete this e-mail and any attachments from your system. No responsibility is accepted for any virus or defect that might arise from opening this e-mail or attachments, whether or not it has been checked by anti-virus software. ************************************************************************** Edwards Group Limited is a company registered in the Cayman Islands under number 266201. The registered office address is c/o Maples Corporate Services Limited, P.O. Box 309, Ugland House, Grand Cayman, KY1-1104, Cayman Islands. The Global Headquarters address is Crawley Business Quarter, Manor Royal, Crawley, West Sussex RH10 9LW, United Kingdom.