Navigation

Unaxis takes INFICON to market

The Swiss technology corporation, Unaxis, has announced it intends to float its vacuum measuring and monitoring instrumentation division, INFICON, on the Swiss stock exchange early next month.

This content was published on October 26, 2000 - 12:08

Unaxis, formerly Oerlikon-Bührle, said it planned to float 1,421,000 shares, which would reduce its stake to some 25 per cent of INFICON, including a capital increase.

After the exercise of the over-allotment option (greenshoe), Unaxis would hold 13.8 per cent of INFICON shares.

The company said the float was part of its strategy to focus on the information technology industry.

"The initial public offering will enable INFICON to pursue its entrepreneurial targets more swiftly and directly," said Willy Kissling, chairman and chief executive officer of Unaxis.

Trading is set to start on November 9.

On Wednesday, Unaxis announced that its sales for the first nine months of the year were SFr2.14 billion ($1.2 billion), up by 36 per cent over the same peiod last year.

swissinfo with agencies

This article was automatically imported from our old content management system. If you see any display errors, please let us know: community-feedback@swissinfo.ch

In compliance with the JTI standards

In compliance with the JTI standards

More: SWI swissinfo.ch certified by the Journalism Trust Initiative

Contributions under this article have been turned off. You can find an overview of ongoing debates with our journalists here. Please join us!

If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.

Share this story

Change your password

Do you really want to delete your profile?