Oerlikon to sell Barmag as it shifts to pure-play surface technology
Oerlikon Metco, headquartered in Pfäffikon, Switzerland, has received all regulatory clearances for the divestment of its Barmag business to Rieter. Announced on 6 May 2025, the transaction is scheduled to close in early February 2026. It values Barmag at CHF 850 million (approximately €914 million) enterprise value, excluding a potential earn-out of up to CHF 100 million.
Following the closure, Oerlikon will become a pure-play surface technology company with a clear brand and positioning towards its stakeholders. Oerlikon plans to build on its core competencies to expand into new applications and strengthen its presence in Asia and the Americas.
The proceeds from the sale will be used to repay debt and for general corporate purposes. Financial details and impacts related to the closing will be disclosed in Oerlikon’s full-year financial announcement on February 24, 2026.
Georg Stausberg, CEO of Oerlikon Barmag, will step down from the Executive Committee upon closing to join the Executive Committee of Rieter AG.
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Michael Suess, Executive Chairman of Oerlikon, stated, “With the Barmag transaction, we have successfully completed our pure-play process. Oerlikon now stands for a high-tech leader in surface technologies and advanced materials. With our strong brands, leading technology toolbox and strong financial foundation, we are well positioned for the future.”
“I am convinced that the combination with Rieter is the right setup for the positive development of Barmag and I would like to thank the entire Barmag team and especially Georg Stausberg for his outstanding contributions and loyalty. Georg has been a highly respected and trusted member of the Executive Committee and a driving force behind Barmag’s positive development over the past decade. He will always remain a valued friend of Oerlikon. On behalf of the Board and the Executive Committee, I wish him all the best for his professional and personal future,” Suess continued.
