Pfeiffer Vacuum Technology AG / Pfeiffer Vacuum Technology AG Intends to Acquire Alcatel-Lucent's Vacuum Technology Unit "Adixen"

By Pfeiffer Vacuum Technology Ag, PRNE
Tuesday, November 2, 2010

On the Road to Becoming a World Leader in Vacuum

ASSLAR, Germany, November 3, 2010 - Pfeiffer Vacuum Technology AG, Asslar, intends to acquire
Alcatel-Lucent's Vacuum Technology Unit ("Adixen") which is headquartered in
Annecy, France. Negotiations on the purchase of the companies, patents and
licenses belonging to this unit have been largely finalized.

Manfred Bender, Chief Executive Officer of Pfeiffer Vacuum Technology AG,
comments on the envisaged acquisition: "With this move, Pfeiffer Vacuum is
now entering a new dimension of business. We will not only double our sales
revenues, but also significantly increase our market presence. We have always
said we want to enhance our position in backing pumps, and we believe
that the Adixen product portfolio is the perfect fit for us. In addition, we
will expand our international sales and service network and, in particular,
gain better overall access to the high-growth Asian markets." Bender adds:
"We at Pfeiffer Vacuum are dedicated to creating and enhancing value for our
shareholders. Based on the current strong business performance we expect to
generate sales revenues of more than EUR 500 million in the fiscal year
2011.The financial results we announced this morning demonstrate that we were
able to return our EBIT margin to normal, even during the first year of the
Trinos integration. And we are going to show the same strict discipline in
connection with the Adixen integration."

Jean-Yves Guegan, President of Adixen, notes: "The combination of Adixen
and Pfeiffer Vacuum, two leaders in pumping solutions and leak detection
systems, will create a powerful force in the industry. Our portfolio and
talent meshes quite well with that of Pfeiffer Vacuum and will create a
platform to better serve both companies' existing customers as well as drive
growth in overall market share."

Alcatel-Lucent's Vacuum Technology Unit, which does business under the
Adixen brand name, is an acknowledged world leader in vacuum pumps and leak
detectors with a top market position in the field of backing pumps. In fiscal
year 2009, the Adixen unit generated sales revenues of EUR 134 million and a
negative EBITDA of EUR 3 million which was largely attributable to the
general economic crisis. The interim financial statements for the Adixen unit
for the period ended June 30, 2010, record sales revenues of EUR 116 million
and an EBITDA of EUR 14 million.

On the basis of these numbers, sales revenues of approximately EUR 270
and an EBITDA of approximately EUR 40 million are anticipated for the
entire fiscal year 2010.

The purchase price for this unit will total approximately EUR 200 million
on a debt/cash-free basis and will be fully financed through a bank loan.
Pfeiffer Vacuum intends to reduce a portion of the acquisition financing by
selling treasury shares and through a capital increase from authorized
capital in the amount of up to 10 percent of its share capital. The
supervisory board of Pfeiffer Vacuum consented to the acquisition today.
Prior to the signing of the contract, a hearing of employee councils of the
Alcatel-Lucent group is required. The acquisition is planned to become
effective on December 31, 2010.

Hauck & Aufhauser Investment Banking and Wagram Corporate Finance acted
together as sole financial advisors to Pfeiffer Vacuum on this transaction.

About Pfeiffer Vacuum

Pfeiffer Vacuum (Stock Exchange Symbol PFV, ISIN DE0006916604) is one of
the world's leading providers of vacuum solutions. Among a full range of
hybrid- and magnetically levitated turbopumps, the portfolio comprises of
backing pumps, measurement and analysis devices, components, vacuum chambers
and systems. Ever since the invention of the turbomolecular pump by Pfeiffer
Vacuum, the company has stood for innovative solutions and high-technology
products that are used in the analytical segment, in research and
development, environmental technology, chemistry, semiconductor production
and coating technology, as well as in the automotive industry and any number
of further sectors. Founded in 1890, Pfeiffer Vacuum is today active
throughout the world together with a workforce of some 900 people as well as
14 subsidiaries and over 20 agencies. Further information is available at


This release does not constitute an offer of securities for sale, a
solicitation of an offer to purchase or to subscribe for securities of
Pfeiffer Vacuum Technologies AG ("Pfeiffer Vacuum"). Neither this release nor
anything contained herein shall form the basis of, or be relied on, in
connection with, any offer or commitment whatsoever.

This information is not for release, publication or distribution in or
into the United States of America and may not be distributed to U.S. persons
(as defined in Regulation S under the United States Securities Act of 1933,
as amended (the "Securities Act")). In particular, this information does not
constitute an offer of securities for sale, a solicitation of an offer to
purchase or to subscribe for securities of Pfeiffer Vacuum in the United
. The securities of Pfeiffer Vacuum may not be offered, sold or
delivered in the United States or to or for the account or benefit of U.S.
persons, unless registered under the Securities Act or pursuant to an
exemption from such registration. The securities will not be registered
under the Securities Act. There will be no public offer of securities of
Pfeiffer Vacuum in the United States.

    Further inquiry note:

    Brigitte Looss
    Leiterin Investor Relations
    Tel.: +49(6441)802-346
    E-Mail: Brigitte.Loos[at]

Further inquiry note: Brigitte Looss, Leiterin Investor Relations, Tel.: +49(6441)802-346, E-Mail: Brigitte.Loos[at]

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