Oerlikon
sale of Drive Systems to Dana
The transaction is expected to close in late 2018 or the 1st quarter of 2019, subject to customary approvals and closing conditions.
At the beginning of July 2018, Oerlikon launched the initial public offering (IPO) of the Drive Systems Segment under the name of GrazianoFairfield AG. This was postponed, however, due to an unfavorable capital market environment.
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