Palo Alto, CA – Dec. 31, 2008 – Oerlikon Optics USA Inc., a leading global technology group investing in technologies that provide customers with lighter, more durable materials that increase performance, improve efficiency, and reduce the use of scarce resources, has announced its acquisition by Halma p.l.c., a company providing innovative solutions for many of the key problems facing the world today in four main sectors: process safety, infrastructure safety, medical, and environmental & analysis. Halma p.l.c. acquired Oerlikon’s assets and business operations located in Golden, Colorado, USA for $6 million in cash.
Oerlikon will be integrated with a Halma business created from the thin films technology division of Ocean Optics Inc. called Ocean Thin Films, Inc. With Oerlikon’s ability to design and manufacture optical coatings and optomechanical assemblies, Halma intends to create high-quality optical and thin film. The combined business is to be operated under Halma’s Photonics sub-sector within its Health and Analysis sector.
“Oerlikon has a rich tradition of excellence in both design and manufacturing arts in the optics and thin films industry. The additional expertise and manufacturing capacity the acquisition provides are the perfect complement to Ocean Optics’ unique optical thin films processes. Our combined resources will result in a new generation of quality, innovative optical and thin film products benefiting an array of industries.” – Phil Buchsbaum, President, Ocean Thin Films Inc.
Woodside Capital Partners served as the exclusive financial advisor to Oerlikon in this transaction.
About Oerlikon
Oerlikon (SIX: OERL) is a leading global technology Group with a clear strategy of becoming a global powerhouse in surface solutions, advanced materials and materials processing. The Group is committed to investing in value-bringing technologies that provide customers with lighter, more durable materials that are able to increase performance, improve efficiency and reduce the use of scarce resources.
A Swiss company with over 100 years of tradition, Oerlikon has a global footprint of over 13 800 employees at more than 180 locations in 37 countries and sales of CHF 2.3 billion in 2016. The company invested CHF 94 million in R&D in 2016 and has over 1 000 specialists developing innovative and customer-oriented products and services.
About Halma p.l.c.
Our business is about protecting life and improving the quality of life for people worldwide. Our companies have a core focus on safety, health and the environment, and our products provide innovative solutions for many of the key problems facing the world today. Our technology is used to save lives, prevent injuries, and protect people and assets. We also develop products that secure and protect the elements critical to healthy lives. We have four sectors: Process Safety – products which protect assets and people at work; Infrastructure Safety – products which detect hazards to protect assets and people in public spaces and commercial buildings; Medical – products used to improve personal and public health; and Environmental & Analysis – products and technologies for analysis in safety, life sciences and environmental markets. For more information, see www.halma.com.
About Woodside Capital Partners
Woodside Capital Partners is a global, independent investment bank that delivers world-class strategic and financial advice to emerging growth companies in the technology and life sciences sectors. With a strong track record in M&A, strategic partnerships and private placements, Woodside Capital Partners has been providing worldwide investment banking services since 2001, with leading domain experience in software, Internet services, electronic communications and materials, and healthcare. Woodside Capital Partners is headquartered in Silicon Valley, with an office in London. Securities offered through Woodside Capital Securities LLC, member FINRA/SIPC. For more information, please visit www.woodsidecap.com.