- On 19 August 2013 it was announced that Edwards had been wholly acquired by Atlas Copco Compressors, becoming the Vacuum Solutions division of Atlas Copco. and Geert Follens was appointed Divisional president. The acquisition was completed in January 2014.
United Kingdom, May 10, 2012 (GLOBE NEWSWIRE) -- Edwards Group Limited (Nasdaq:EVAC) ("Edwards") announced today that it has priced its initial public offering of 12,500,000 American Depositary Shares ("ADSs") at $8.00 per ADS. The ADSs will begin trading on The NASDAQ Global Select Market on May 11, 2012 under the ticker symbol "EVAC."
The underwriters have been granted an option to purchase up to 1,875,000 additional ADSs from specified selling shareholders in the offering, which include entities affiliated with members of Edwards' board of directors.
Edwards intends to use the net proceeds it receives from the offering to repay in part the term loans under its first lien credit agreement. Edwards will not receive any proceeds from the sale of the ADSs, if any, by the selling shareholders.
Barclays Capital Inc., Goldman, Sachs & Co. and Deutsche Bank Securities Inc. are the book-running managers for the offering. RBC Capital Markets, LLC, Piper Jaffray & Co. and Lazard Capital Markets LLC are the co-managers for the offering. The offering of these securities is being made only by means of a prospectus, copies of which may be obtained from the prospectus department of Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, phone: +1 888 603-5847 or email: Barclaysprospectus@broadridge.com; from Goldman, Sachs & Co., Prospectus Department, 200 West Street, New York, NY 10282, phone: 1-866-471-2526 or email: prospectus-ny@ny.email.gs.com; or from Deutsche Bank Securities Inc., Attention: Prospectus Group, 60 Wall Street, New York, NY 10005-2836, phone: 1 800 503-4611 or email: prospectus.CPDG@db.com.
About Edwards
Edwards is a leading manufacturer of sophisticated vacuum products and abatement systems and a leading provider of related value-added services for the manufacture of semiconductors, flat panel displays, LEDs and solar cells and a leader in vacuum technology for industrial, pharmaceutical, chemical, scientific, process, glass coating and food packaging industries as well as a wide range of R&D applications. Edwards has over 3,300 full-time employees and over 600 temporary workers operating in approximately 30 countries worldwide engaged in the design, manufacture and support of high technology vacuum and exhaust management equipment.
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