Oerlikon has received all necessary regulatory approvals for the divestment of its Barmag business to Rieter AG, with the transaction set to close at the beginning of February 2026. Announced on May 6, 2025, the sale values Barmag at an enterprise value of CHF 850 million, excluding a potential earn-out of up to CHF 100 million.
The divestment marks the final step in Oerlikon’s strategic transformation into a pure-play company focused on surface solutions and advanced materials, reinforcing its position as a global technology leader. Proceeds from the sale will be used to repay debt and for general corporate purposes, while financial impacts related to the closing will be disclosed in Oerlikon’s full-year results announcement on February 24, 2026.
Leadership transitions are also underway. Georg Stausberg, CEO of Oerlikon Barmag, will step down from Oerlikon’s Executive Committee upon closing to join the Executive Committee of Rieter AG, ensuring continuity in leadership for Barmag’s integration into Rieter.
Michael Suess, Executive Chairman of Oerlikon, commented: “The Barmag transaction completes our transformation into a pure-play surface technology company. Oerlikon is now fully positioned as a high-tech leader, delivering innovative surface solutions across automotive, aerospace, tooling, energy, medical, luxury, and semiconductor industries.”
Suess added his appreciation for Stausberg: “George has been instrumental in Barmag’s success over the past decade. His leadership, dedication, and contributions have been exemplary, and we wish him continued success at Rieter.”
Following the closing, Oerlikon will concentrate on its core surface technology business, leveraging its strong brand, advanced technology portfolio, and financial foundation to drive growth in end markets and expand its regional presence, particularly in Asia and the Americas. The company aims to deliver solutions that improve customer efficiency, performance, productivity, and sustainability, reflecting its commitment to technological leadership and market excellence.
