IHI Corporation Will Acquire Ionbond Shares
Hauzer’s Japanese mother, IHI Corporation, has entered into an agreement to acquire 100% of the Ionbond shares, subject to obtaining the necessary regulatory approvals which are expected to be fulfilled by the end of the year.
Press Release by IHI Corporation and Ionbond
27 September 2012
Ionbond and IHI Corporation enter into transaction agreement
IHI Corporation (“IHI”) of Japan is pleased to announce that it has entered into an agreement to acquire
100% of the shares of Ionbond, a worldwide leader in wear protection coatings headquartered in
Switzerland, from the current majority shareholders Barclays Ventures and Credit Suisse AG and other
IHI provides thin-film technology to industrial customers through its Physical Vapor Deposition (“PVD”)
equipment and services, and together with its subsidiary Hauzer Techno Coating B.V. (“Hauzer”) in the
Netherlands acquired in 2008, is a proven leader in Diamond Like Carbon (“DLC”) technology.
The acquisition of Ionbond is the next step in building IHI’s worldwide framework of complimentary
machinery and job-coating products and services to its global customer base.
Going forward, Ionbond, Hauzer and IHI will work together to provide a comprehensive portfolio of
services in both metal and non-metal applications, furthering IHI’s ambition of becoming a global leader in
heat treatment and thin-film technology, markets which are expected to show significant future growth.
The combination of Ionbond’s process engineering and extensive coating service network, coupled with
the design engineering excellence at Hauzer for coating machinery, would contribute for our customers
in the coming years. Also, Ionbond’s Chemical Vapor Deposition (“CVD”) equipment and services will
apply a new charm to our surface technology which IHI has offered through Hauzer.
The headquarters of Ionbond will remain in Switzerland. The transaction is subject to obtaining the
necessary regulatory approvals which are expected to be fulfilled by the end of the year.
About Ionbond (URL: http://www.ionbond.com)
Ionbond is a leading, high-quality provider of advanced coatings and coating equipment, with a focus on
thin-film coating technologies. The company offers the broadest range of thin-film technologies, including
CVD, PACVD, PVD and CVA and is a leader in the worldwide wear protection coating market. Ionbond
operates 39 coating centers in 17 countries in Europe, North America and Asia for customers in the
automotive, industrial & racing, deco & sports and medical sector. In 2011 the company generated net
sales of approx. CHF 140m.
About IHI (URL: http://www.ihi.co.jp/)
Established in 1853, IHI is a listed Japanese industrial conglomerate with a market capitalization of
¥270bn (CHF 3.3bn) and 2011 sales of ¥1,221bn (CHF 14.6bn). The company operates through its five
major business fields Energy and Resources, Shipbuilding, Social Infrastructure and Security, Industrial
Machinery and Systems, Rotating and Mass Production Machinery and Aero Engines and Space.