Oerlikon sets range on spin-off sale

Sam Kerr

June 28, 2018 04:15 pm

drive_systems_PA_230x150 — Technicians set up a stand with motors at the 66th IAA Commercial Vehicles fair in Hannover, Germany, 19 September 2016. At the sector fair some 2,000 exhibitors from 52 countries are presenting autonomous driving and networked vehicles including those with alternate drive systems. The fair is running from 22 to 29 September. Photo: HOLGER HOLLEMAN/dpa | Holger Hollemann/DPA/PA Images

The spin-off of GrazianoFairfield, the drive systems unit of Swiss engineering firm Oerlikon, was launched on Thursday with the unit valued at Sfr620m at the top of the range.

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Sam Kerr