Oerlikon Leybold Vacuum’s Scandinavian business unit has been sold to the unit’s management. The contracts have been effective since October 31, 2009.
Oerlikon Leybold Vacuum CEO, Dr Andreas Widl, feels the change works well with the company’s current position: “In view of the size and structure of the Scandinavian markets, this step fits best the present focus which entails concentration on faster growing emerging markets in other regions. I am convinced that with the MBO we have found the best solution for all stakeholders involved and that the new management will run the vacuum business successfully.”
Christer Bengtsson, Managing Director of Oerlikon Leybold Vacuum Scandinavia, explained the company’s new name ‘Low2High Vacuum’, saying, “We will continue to serve our customers with everything from low to high vacuum, with the expertise and application know-how we have acquired over almost five decades in the Scandinavian vacuum technology markets. We benefit from a very good market position, and are going to expand and leverage the traditional business in both existing and new attractive markets.”
With the transition, the Low2High Vacuum obtains the status of distributor to Oerlikon Leybold Vacuum. The company is composed of 11 experienced workers and will offer service to Sweden and Norway.