Merck, a science and technology company, today successfully placed bonds amounting to € 2.0 billion. The placement is a component of the financing of the planned acquisition of Versum Materials, which was announced in April 2019.
The placement comprises three tranches: a fixed-rate bond with a maturity of four and a half years amounting to € 600 million and paying a coupon of 0.005%, a second tranche of € 600 million with a maturity of 8 years, paying a coupon of 0.375% as well as a third tranche of € 800 million with a maturity of 12 years, paying a coupon of 0.875%. On June 18, Merck had already placed a euro hybrid bond amounting to € 1.5 billion to finance the planned acquisition.
“Following the successful placement of hybrid bonds two weeks ago, we have made use of the favorable market environment in order to finalize the financing of the planned acquisition of Versum. We’re resolutely pursuing our conservative financial policy further,” said Marcus Kuhnert, Member of the Executive Board and Chief Financial Officer of Merck.
The bonds issued today were significantly oversubscribed and achieved a well-diversified distribution among a wide range of institutional investors such as fund managers, insurance companies, pension funds, and banks. Bookrunners of the transaction were Merck’s relationship banks.
The acquisition of Versum is expected to strengthen the Performance Materials business sector. Versum is a leading supplier of innovation-driven, high-purity process chemicals, gases and equipment for semiconductor manufacturing. The transaction is expected to close in the second half of 2019, subject to regulatory clearances and the satisfaction of other customary closing conditions.
Measurement, Instrumentation, Control & Automation News Plant Construction, Engineering & Components
Expansion of the Lyon location
Expertise for advanced analysis
Endress + Hauser has expanded its center of competence for advanced analysis in Lyon, France. The Group invested 2 million euros in a new production facility and office space to meet the growing demand in the area of advanced process analyses.
From Lyon, around 20 employees support Endress + Hauser sales centers across Europe in the application and sales of advanced analysis technology, with a focus on the project business and after-sales services. Ten sales centers across Europe already have specialists on board to handle this complex field of activity.
The new 630-square-meter production facility will be used for customer-specific manufacturing and the assembly of complete analysis systems. Rounding out the facility are offices, rooms for factory acceptance tests and space reserved for future use. The adjacent 1,500-square-meter office building, which opened in 2017, is also home to the Endress + Hauser France regional sales office. With a total of 7,000 square meters, the property offers sufficient space to grow the location even further.
“The expansion of the Lyon location allows us to do an even better job of bringing our expertise in the field of process analysis to our customers,” emphasized Matthias Altendorf, CEO of the Endress + Hauser Group, during the dedication ceremony on 17 July 2019. “This is an important strategic goal for us and helps our customers acquire more information from their processes.”
Analysis portfolio expands
Advanced analysis provides immediate information related to material properties and product quality. The company continuously develops its analysis portfolio to provide online monitoring of quality parameters, for example through spectroscopic techniques. This allows customers to reduce time to market and optimize their processes. Customers in industries such as life sciences, chemical, food & beverage and oil & gas can benefit the most from Endress + Hauser’s advanced analysis portfolio.
The Lyon location combines the expertise of the firm and its subsidiaries Kaiser Optical Systems and SpectraSensors under one roof. The Raman analyzers from Kaiser Optical Systems are used to examine the composition and material properties of liquids, gases and solids and enable the real-time measurement of product characteristics. SpectraSensors is a leader in the field of TDLAS technology, which can be used to reliably measure trace-level concentrations of gases.
New clutch generation
Compact industrial barcode printer
Top drawer label printers
Space-saving footprint like a desktop printer due to downsized dimensions, but powerful as an industrial printer – TSC’s new ML240P series covers exactly the niche of high demand in the market. Both versatile top-class all-rounders impress with their strong connectivity features and excellent printing quality while being extremely economical and flexible. The two models are equipped with a clear colour display ensuring a high operating comfort.
The thermal transfer printers ML240P and ML340P will be available on the EMEA market from June 2019. In comparison to the already very compact TSC models in this sector the dimensions of this new generation of high-performance industrial label printers have been reduced again significantly.
The intelligent combination of solid metal housing including media spindle, modularized base and modern printing technology enables a permanently steady, low-noise and at the same time highly efficient operation even with demanding applications. The adjustable longlife thermal printhead and self-diagnostic TPH Care mechanism ensure optimal print quality with various label materials. Bad dot detection offers the user peace of mind by alerting them to any pins in the head which might have blown – which otherwise would repeatedly produce unreadable barcodes without any way of noticing before it came to scanning.
The ML240P is available in 203 dpi printing resolution, the ML340P is available in strong 300 dpi printing resolution. Besides comprehensive sensors and modern interfaces, both models in particular also provide the user with a high definition 2.3” colour display with intuitive, customizable operator guidance and six menue buttons as prominent standard features.
Material changes can be realized quickly because the cover can be lifted up entirely. Due to the sophisticated printing mechanism the replacement of printhead and platen roller is possible without the need of tools, saving time and reducing cost of ownership.
With their small footprint of just 818 cm² the new reliable printers can also be used in restricted working environments where space is a premium. The range of applications is not limited for the ML models: The spectrum ranges from use in warehousing and logistics including goods in and despatch to manufacturing as well as to product- and shelf-labelling in retail and labelling of sample tubes and patient wristbands in the health sector.