Liwet Holding AG, Zurich (“Liwet”) on May 18, 2018, Renova has divested the majority of its shareholdings in Liwet, Renova’s Swiss company holding a major stake in Oerlikon. As a result, Renova’s effective shareholding in Liwet dropped below the controlling block and amounts to 44.46 per cent in total. While Renova’s shareholdings in Oerlikon have fallen from 43.04 per cent to approximately 20 per cent, Liwet’s stake in Oerlikon remains unchanged.
Oerlikon engineers materials, equipment and surfaces and provides expert services to enable customers to have high-performance products and systems with extended lifespans. Drawing on its key technological competencies and strong financial foundation, the Group is sustaining mid-term growth by executing three strategic drivers: addressing attractive growth markets, securing structural growth, and expanding through targeted M&A.
A leading global technology and engineering Group, Oerlikon operates its business in three Segments (Surface Solutions, Manmade Fibers and Drive Systems) and has a global footprint of around 15,000 employees at 186 locations in 37 countries. In 2017, Oerlikon generated CHF 2.8 bn in sales and invested CHF 107 mn in R&D.