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Oerlikon sells Schlafhorst Businesspark
31
Jan '13
The Swiss technology group Oerlikon has sold a 140 000-square-meter industrial park (Schlafhorst Businesspark) in Mönchengladbach, Germany, to the neighboring company SMS Meer. The sale price is in a low double-digit million Euro range. "The divestment of the industrial park is the next step in the systematic execution of our strategy to divest non-operating assets," said Oerlikon's CEO, Michael Buscher.

Oerlikon began consolidating the Textile Segment's production sites in Germany two years ago. As part of this effort, Oerlikon moved the production of rotor spinning machines from Mönchengladbach to the headquarters of its Natural Fibers Business Unit in Übach-Palenberg, Germany. The process was completed last year, leaving Oerlikon Schlafhorst with only a few administrative employees and a technical center at Schlafhorst Businesspark.

"Schlafhorst Businesspark is an ideal location for SMS Meer," said the CEO of SMS Meer, Dr. Joachim Schoenbeck “It creates a number of opportunities for the expansion of our location." SMS Meer intends to continue applying the concept of the industrial park, which currently has 14 tenants occupying 110 000 square meters of office and production space.

About Oerlikon

Oerlikon is a leading high-tech industrial group specializing in machine and plant engineering. The Company is a provider of innovative industrial solutions and cutting-edge technologies for textile manufacturing, drive, vacuum, coating, and advanced nanotechnology.

A Swiss company with a tradition going back over 100 years, Oerlikon is a global player with nearly 17 000 employees at over 150 locations in 2011 CHF 213 million (reported) in R&D, with over 1 200 specialists working on future products and services.

Oerlikon Textile GmbH & Co

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