Industry News

RENOVA Group acquires 10.25 % of Unaxis shares - Expansion of the strategic focus to Eastern Europe

Published on 2006-07-18. Author : SpecialChem

Pfäffikon SZ -- The Russian RENOVA Group has acquired 10.25 % of the Unaxis Holding AG. Viktor Vekselberg's company is a diversified holding company, considered a leading investor in Russia in the crude oil, natural gas, mining, metal processing, mechanical engineering, and chemistry sectors. According to statements made by RENOVA itself, the Russian company views this move as much more than just a financial investment. Rather, by acquiring this stake in Unaxis and venturing into the field of high technology, the company hopes to build a long-term partnership. This Russian investor creates new opportunities for Unaxis in Russia and Eastern Europe.

"We are extremely pleased to have RENOVA as an investor in our company," said Thomas P. Limberger, CEO of Unaxis. The investment is a sign that the new direction the company is taking has resonated positively and that our growth strategy is convincing. "With the REVONA Group, our position in Eastern Europe for expanding our business has completely changed," added Limberger. The region has been viewed as an important growth market by the Unaxis management for some time. Now this strategic focus can be expanded by in turn increasing investment activity in Russia.

About the RENOVA Group

The Russian RENOVA Group is a diversified holding company with expanding international activities. In Russia, the company is one of the main investors in crude oil, natural gas, mining, metal processing, mechanical engineering, chemistry, real estate, infrastructure, and a range of other sectors. The RENOVA Group is mainly active in Russia, in the former CIS states, Switzerland, South Africa, and the USA.

Unaxis - a globally leading high-tech company

Unaxis (SWX: UNAX) is a globally leading company in the field of thin film, vacuum and precision technology. Based on these core competencies, Unaxis develops production systems, components, and services for high-technology products. The company's commercial activities center on protective coatings for precision tools and components (Coating Services), systems for producing vacuums and conveying process gases (Vacuum Solutions), production systems for data storage devices (Data Storage Solutions), optical components (Optics), aerospace technology (Space Technology), as well as production equipment for solar modules. Unaxis also applies its core competencies as a major provider of semiconductor technology (Semiconductor Equipment). Unaxis currently employs approximately 6 500 individuals and, in its 2005 financial year, recorded sales of CHF 1 605 billion. The company, headquartered in Pfäffikon SZ, Switzerland, has a globe-spanning infrastructure that encompasses approximately 80 subsidiaries in 25 countries.

This media release is based on information currently available to management. The forward-looking statements contained herein could be substantially impacted by risks and influences that are not foreseeable at present, so that actual results may vary materially from those anticipated, expected, or projected.

Source: Unaxis

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