Pestalozzi with RUAG on the sale of the litography division to Zeiss SMT

Pestalozzi advised RUAG International in the sale of the lithography division to Zeiss SMT. The agreement includes all employees and assets associated with the two production sites in Zurich (Switzerland) and Coswig (Germany). The acquisition is still subject to approval by the competition authorities. With the expected closing end of 2024, the divestment will allow RUAG International to fully focus on its space activities with Beyond Gravity and its Launchers and Satellites divisions.

Pestalozzi team

Pestalozzi advised RUAG International as lead counsel on all legal aspects of the transaction with a team including corporate / M&A partner Petra Hanselmann (pictured left), corporate / M&A partner Pascal Richard (pictured right), Yannic Schönenberger (associate – corporate / M&A), Markus Winkler (counsel – financial services), Christian Roos (partner – corporate / M&A), Martina Herzog (associate – corporate / M&A), Jonas Sigrist (partner – tax), Fabienne Schaub (junior associate – corporate / M&A), Paola Wullschleger (counsel – real estate).

CEO of RUAG – André Wall’s stating

“We have built up our competencies for lithography applications since 2001 and successfully partnered with our key customer ZEISS SMT. Establishing the Lithography division as a separate entity in October 2022 was a strategic move to reinforce our market position while continuing to produce specialized components for ZEISS SMT as an independent single-source supplier. Today, I am immensely proud of our Lithography team’s achievements,” says André Wall, CEO of RUAG International and concludes, “ZEISS SMT has an excellent market position. With the new ownership, we provide our Lithography division with an ideal environment for further development of the great competencies we have built over the years.

RUAG International

RUAG International has been delivering high-precision products for lithography applications since 2001. In October 2022, lithography was established as a separate division to strengthen its market position. It produces specialized actuators and mechanical assemblies for ZEISS SMT (Semiconductor Manufacturing Technology, SMT).

Zeiss SMT

Zeiss SMT’s optical systems, employed worldwide in microchip manufacturing machines, support numerous high-tech applications, including smartphones and artificial intelligence. Additionally, the division produces special stabilizers and apertures, initially developed for space technology, now used in manufacturing lithography optics, laser optics, and other optical systems.

benedetta.miarelli@lcpublishinggroup.com

SHARE