Asslar. The Executive Board and the Supervisory Board of Pfeiffer Vacuum Technology AG (“Pfeiffer Vacuum”) have taken note of the outcome of the public takeover offer of Pangea GmbH, a company owned by Busch SE (“Busch Group”), now that the offer period has ended. The exceedingly low acceptance rate of just approximately 0.17% confirms that nearly all shareholders of Pfeiffer Vacuum share the Management and Supervisory Board’s opinion as to the offer’s inadequacy. The Management and Supervisory Boards of Pfeiffer Vacuum rejected the Busch Group’s takeover on April 24, 2017 in a reasoned statement and advised shareholders to not accept the Busch Group’s offer. One of the reasons given for this rejection was that the offer did not include an appropriate premium for acquiring a controlling stake. Moreover, Pfeiffer Vacuum’s current business performance, share price development, and the outlook presented in detail at Pfeiffer Vacuum’s Annual General Meeting clearly show that the company’s long-term prospects as an independent enterprise are promising and attractive for shareholders.

“It was and is our duty to reject the takeover offer in the interest of all shareholders. As expected, our shareholders share this assessment”, says Pfeiffer Vacuum CEO Manfred Bender. “We continue to take a critical view of a possible attempt on the part of the Busch Group to seize disproportionately high representation on the Supervisory Board, or perhaps even the chair of Pfeiffer Vacuum’s Supervisory Board, because Busch’s acquisition of a controlling interest under these circumstances would not create value for our shareholders. However, in order to identify the potential for creating added value in the interest of all shareholders, we will take emerging opportunities to engage in an open dialog with the Busch Group regarding the possibilities of operational cooperation and resultant synergies”, adds Manfred Bender.

About Pfeiffer Vacuum Pfeiffer Vacuum (stock exchange symbol PFV, ISIN DE0006916604) is one of the world’s leading providers of vacuum solutions. In addition to a full range of hybrid and magnetically levitated turbopumps, the product portfolio encompasses backing pumps, measurement and analysis devices, components as well as vacuum chambers and systems. Ever since the invention of the turbopump by Pfeiffer Vacuum, the company has stood for innovative solutions and high-tech products that are used in the markets Analytics, Industry, Research & Development, Coating and Semiconductor. Founded in 1890, Pfeiffer Vacuum is globally active today. The company employs a workforce of some 2,500 people and has more than 20 subsidiaries.

For more information, please visit www.group.pfeiffer-vacuum.com