Oerlikon has acquired Primateria AB in Sweden has signed an agreement to acquire the assets of DiaPac LLC and Diamond Recovery Services Inc (DRS) in the US. With the acquisitions, the Group continues to add promising technologies and expertise in the field of advanced materials and surface solutions to reinforce and expand its business offering.
DiaPac LLC provides high-performance powered metals, wear resistant surface coatings and cemented carbides for use in oil & gas, mining, construction, agricultural and manufacturing operations. Diamond Recovery Services (DRS) specializes in providing hard materials and environmentally complementary reclamation services that are applied across a broad spectrum of applications. With the acquisitions, Oerlikon gains strong complementary knowledge for the manufacturing, processing, application and recovery/recycling of advanced materials, especially tungsten carbide. It will also benefit from an expansion of market access in the oil & gas, metal matrix composites and US powered metals industries.
Primateria is a provider of surface engineering services in Sweden, specializing in pre- and post-treatment solutions for tool optimization. With the acquisition, Oerlikon strengthens its foothold in the gear cutting market.
