OC Oerlikon

OC Oerlikon ( CI Compliant œrlikon, named after the place of origin Oerlikon ) is a listed technology group based in free stream, in the district of Pfäffikon in Switzerland.

The company dates back to the Machine Tool Factory Oerlikon founded in 1906, from 1973, the Oerlikon - Buehrle Holding was established, which was renamed Unaxis after a profound restructuring by early 2000. 2005 the Austrian industrial holding Victory AG acquired the majority of shares in Unaxis and initiated a further corporate reform that was brought to bear on the outside by the name change in OC Oerlikon at the beginning of September 2006. End of 2006, the Saurer Group was acquired and integrated into the Group. After years of heavy losses, the company had to be recapitalized in May 2010.

  • 2.1 Oerlikon - Buehrle
  • 2.2 Unaxis
  • 2.3 name disputes
  • 2.4 Acid - takeover
  • 2.5 Restructuring and Recapitalization
  • 2.6 Reorganization and partial sale of the Textile

Business

Group Executive

In May 2004, Thomas Limberger was elected to the Board of Directors and in June 2005 - was elected CEO of the then Unaxis - at the request of Victory industrial participation, as the majority shareholder. Under Limberger was enlarged the Executive Committee in February 2007 to perform the functions " General Counsel ", occupied by Bjoern Bajan, and COO, occupied by Uwe Krüger. The company Limberger remained until May 2007, when he resigned as CEO and Board of Directors and then moved to Von Roll Holding.

With Limbergers resignation Uwe Kruger was elected to the position of CEO, whose previous feature was cast as COO in September 2008 by Thomas Babacan again. During the presentation of the half year results on 25 August 2009 it was announced that Uwe Kruger is leaving the company with immediate effect. The position of CEO will therefore temporarily occupied by Hans Ziegler, who is a member of the Board of Directors since May 2008.

On May 19, 2010 Michael Buscher began his work as CEO of the company and sparked Hans Ziegler as interim CEO from. In November 2010, Adrian Cojocaru Chief HR Officer was. The created during the restructuring and position occupied by Raafat Morcos post of Chief Restructuring Officer was abolished after the program again on August 17, 2011. The vacant after the resignation of Thomas Babacan on 31 December 2011 post of chief operating officer will not be filled. The Chief HR Officer Adrian Cojocaru left the company in late 2012.

On March 14, 2013 Group CEO Michael Buscher left the company. CFO Jürg Fedier then took over the post of interim CEOs. He was at that time the only member of the Executive Committee.

Since the first quarter of 2014 is Brice Koch new OC Oerlikon's CEO, replacing Jürg Fedier from which again focuses on its original area.

Board of Directors

The oversight and strategic direction of the company, the Board of true; he includes in July 2013 six persons:

  • Tim Summers ( Chairman )
  • Hans Ziegler
  • Kurt J. Hausheer
  • Mikhail Lifshitz
  • Carl Stadelhofer
  • Gerhard Pegam

Official Elder Board was from May 2007 to May 2011, the selected Renova representative Vladimir Kuznetsov, the other four board members were in May 2008 - after entry of the majority of shares in the share register Renova - elected at the General Meeting.

In April 2010, Wolfgang Tölsner, a former COO of Bombardier Transportation, and Gerhard Pegam, the current CEO of Epcos, nominated as candidates and elected at the General Meeting of 18 May 2010. In May 2011, the Briton Tim Summers replaced the retired Vladimir Kuznetsov from as Chairman.

Wolfgang Tölsner introduced in 2013 not seek reelection. Of the six boards today are three independent directors ( home army, Ziegler, Pegam ), while three currently the largest shareholder, the Renova Group, represented ( Summers, Lifshitz, Stadelhofer ).

Structure

OC Oerlikon comprised in August 2013, the five divisions:

  • Oerlikon Coating / Oerlikon Balzers ( coating technology )
  • Oerlikon Vacuum / Oerlikon Leybold Vacuum (vacuum technology )
  • Oerlikon Textile ( Textile Technology )
  • Oerlikon Drive Systems (Drive Technology)
  • Oerlikon Advanced Technologies ( Precision Technology)

The sub-areas of the business unit Oerlikon Components that have been defined as non-core business were sold during the year 2009: Esec ( semiconductor technology ) was sold to the Dutch company BE Semiconductor Industries ( Besi ) in April 2009. In June 2009, Oerlikon Space ( Space Technology ) was sold to the RUAG Holding. The last company of subdivision Oerlikon Optics (Optics) was sold mid-August 2009, Oerlikon Optics Shanghai to the British EIS Optics, a start-up of two London private equity firm Nova Capital Management Limited and FF & P Private Equity Limited. The Oerlikon Components division subsequently traded under the name Oerlikon Advanced Technologies.

On 2 March 2012, Tokyo Electron signed a purchase agreement for the Oerlikon Solar division. Oerlikon Solar is headquartered in Trübsbach ( Switzerland ) and employs 675 people in 8 locations worldwide. Tokyo Electron Limited considers itself to be the world's leading suppliers of equipment for the semiconductor industry and is active in the development, manufacture and sales in many product areas. The sale of the solar segment was completed on 27 November 2012.

On December 3, 2012 it was announced that the business units of Oerlikon Textile Components Natural Fibers and sold from the Textile segment to the Chinese Jinsheng Group. In order for the Textile segment will now concentrate on the man-made fiber business. The sale of natural fiber business was completed on July 4, 2013.

Ownership

The ownership structure of OC Oerlikon are, inter alia, because of large option transactions, repeatedly subjected to severe changes. With the recapitalization, the shareholder has changed again. According to the information in the half-year report 2010, is as follows:

History

Oerlikon - Buehrle

Main article: History of the Machine Tool Factory Oerlikon Oerlikon- Buehrle (1906-1999)

Basis of OC Oerlikon formed in 1973 to create the Oerlikon - Buehrle Holding AG, with 37,000 employees in 1980 reached its zenith. The early 1980s were part of the group already aerospace division ( since 1964, established within the Contraves AG) and the Dünnschicht-/Vakuumtechnologiesparte ( since 1976, through the acquisition of Balzers AG). Failures forced the group in 1991 to focus on individual fields, where the decision was made in favor of the conversion into a technology group. The concentration has been driven by the assumption of operating within the Leybold Vacuum Technology Group in 1994, which was merged with Balzers Balzers & Leybold, the leader of thin film technology, the future core business of Oerlikon - Buehrle.

The largest incision was followed in 1999 with the sale of various core businesses and virtually all participations in other companies, which no longer fit the new business concept. The field of armaments Oerlikon Contraves Defence was sold to the German Rheinmetall DeTec and now operates as Rheinmetall Air Defence AG. The Oerlikon - Buehrle Immobilien AG was sold to the Allreal Holding GmbH is now as Allreal AG. The shoe and accessory manufacturer Bally was sold to the U.S. Texas Pacific Group. In January 2000, eventually was renamed Oerlikon - Buehrle in Unaxis.

Unaxis

Mid-2000 Unaxis acquired a majority share in the semiconductor manufacturer Esec AG. Towards the end of the year was followed by the sale or spin-off of Pilatus Aircraft Ltd, the last company that did not fit the technology portfolio of Unaxis. In December 2001, Unaxis separated again from Leybold Optics, however, while maintaining the vacuum technology division.

Beginning of 2004 has been restructured within the Unaxis and the group in the five divisions Semiconductor Equipment ( semiconductor equipment), Data Storage Solutions ( data storage solutions), Coating Services ( coating technology ), Vacuum Solutions (vacuum solutions) and Components and Special Systems ( Components and Special Systems ) divided. In March 2004 the complete takeover of ESEC by fusion with Unaxis followed. Due to the poor development of the semiconductor division of the former Esec resulted in fiscal 2004 to a loss of 372 million francs and a fall in the share price. The Esec division was eventually sold again in April 2009.

In June 2005 the new Unaxis majority shareholder, the Austrian industrial holding Victory AG, an extraordinary general meeting at which virtually the entire corporate management has been replaced. Thomas Limberger was doing the new CEO of Unaxis. Under the new management of the loss could be massively reduced in fiscal 2005, also was intended by the abstract company names Unaxis again to get away and revive one of the original highly established company name.

2006 bought by the Russian oligarch Viktor Vekselberg, a well-known interest in the company. In May 2006, the General Assembly approved the proposal of the former Origin WO - Oerlikon - again to make a name component. The multiple interpretability of the abbreviation OC immediately called the Rheinmetall on the scene, whose daughter Oerlikon Contraves has the same abbreviation. The renaming of Unaxis in Oerlikon - formally OC Oerlikon Corporation AG - took place at the beginning of September 2006.

Name disputes

Due to various objections on the part of Rheinmetall and its subsidiaries, the renaming of Unaxis delayed. For the purchase of Oerlikon Contraves in 1999, the former Oerlikon - Buehrle has secured the right to be allowed ( for example, Contraves Space) to continue using the protected name Contraves. On the Concept Oerlikon, however, no arrangements were made ​​because it is the name of a former church, and since 1934 a city district of Zurich. Accordingly, the name is used by several dozen times for various companies. Given this situation, the company "Oerlikon" called legalistic OC Oerlikon Corporation and protected it only the new Oerlikon logo as word and figurative mark. In the media since the beginning of September circulates mainly the name Unaxis Oerlikon; has been successfully registered in the Commercial Register not yet operational OC Oerlikon Corporation AG (March 2006) and the renaming of the Unaxis Management AG in OC Oerlikon Management AG (May 2006).

In Q3 2006, all pending issues have been resolved to the name and in September 2006 was the official renaming of Unaxis Holding AG by name exchange with the OC Oerlikon Corporation AG. Finally, in December followed by the renaming of Unaxis Switzerland AG (formerly ESEC SA) in Oerlikon Assembly Equipment AG.

Saurer takeover

The attempt by the investment company Laxey replace the management of the textile machinery manufacturer Saurer AG at an Extraordinary General Meeting, failed in advance by one hand, negative media coverage and eventually, surprisingly, by the interference of Victory and the first few days of OC Oerlikon. Oerlikon will coordinate the entire equity stake of Laxey, because the majority of shares also runs a mandatory tender offer to the remaining shareholders Saurer.

Restructuring and Recapitalization

In the years 2008 and 2009, the group was hit in full force of the recession in the wake of the global financial and economic crisis. Especially in the textile segment, but also in the other segments of the demand and revenue decline was considerable. To carry out a comprehensive restructuring, Hans Ziegler was appointed as interim CEO as company head. 2009 more than 2500 employees have been laid off, according to the Annual Report 2009 and another 1,100 have left the company due to divestments. In addition, a comprehensive restructuring of the Group's finances was necessary. After long negotiations could be achieved with the main shareholder Renova and with the lending banks agreement, which was approved by the shareholders at the General Meeting of 18 May 2010.

The cornerstones of the recapitalization were to reduce the share capital by a nominal value reduction of CHF 20 CHF to 1 and a subsequent capital increase with subscription rights offering and the issuance of options to shareholders. The Group also debt in the amount of CHF 125 million were issued. An old credit facility was replaced in three tranches totaling 1.48 billion CHF composed by a new agreement. Recapitalization, the debt could be reduced by CHF 998 million and CHF 276 million The Group received the cash to.

Reorganization and partial sale of the Textile

On November 22, 2011, the Group reorganized its largest and most important business unit Oerlikon Textile. The previous five business units are summarized in the three business units Manmade Fibers (formerly Oerlikon Barmag and Oerlikon Neumag ) Natural Fibers (formerly Oerlikon Schlafhorst and Oerlikon Saurer ) and Textile Components (formerly Oerlikon Textile Components ).

This reorganization also the top management of the business unit will be successively so moved to Shanghai and in the major textile market in the world. As CEO of the newly amtet of Singaporeans Clement Woon.

On December 3, 2012 it was announced that the business units of Oerlikon Textile Components Natural Fibers and sold from the Textile segment to the Chinese Jinsheng Group. The sale of natural fiber business was completed on July 4, 2013. The Group intends to continue to focus in the field of textile engineering of production facilities for chemical fibers.

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