OC Oerlikon Corporation AG (SWX:OERL) signed an agreement to acquire INglass S.p.A on April 23, 2021. The acquisition is financed by existing credit facilities of OC Oerlikon. The completion of the transaction is subject to customary regulatory approvals and closing conditions. The transaction is expected to be completed in the second quarter of 2021. The transaction is expected to be immediately accretive to Oerlikon's margins and cash flows.

OC Oerlikon Corporation AG (SWX:OERL) completed the acquisition of INglass S.p.A for approximately CHF 350 million on June 10, 2021. After receiving all the required merger control approvals, Oerlikon and INglass S.p.A. successfully closed the acquisition on June 9, 2021. INglass S.p.A will be consolidated as of June 1, 2021. Mediobanca Banca di Credito Finanziario S.p.A. acted as financial advisor to INglass S.p.A. The total purchase consideration for the acquisition of INglass S.p.A. amounts to CHF 347 million and includes CHF 239 million paid in cash in the reporting period, the transfer of treasury shares of OC Oerlikon Corporation AG, Pfäffikon, with a fair value of CHF 40 million at closing date, CHF 13 million payable within the next 12 months and contingent consideration of CHF 55 million. The contingent consideration relates to earnout arrangements which are based on financial metrics (EBITDA targets).