|
KLA-Tencor to acquire bare-wafer metrology expert ADE |
|
|
|
Feb 23, 2006 at 05:26 PM |
 KLA-Tencor Corporation is to acquire ADE Corporation under a definitive agreement. The stock-for-stock transaction is valued at $488 million based on the closing price of KLA-Tencor on February 22, 2006.
KLA-Tencor's Chief Executive Officer Rick Wallace comments: "This acquisition is in line with our strategy to expand into adjacent markets with solid growth prospects. ADE is a well-managed company that has built a strong position in the bare-wafer market."
The agreement has been unanimously approved by the boards of directors of both companies. The transaction is anticipated to be a tax-free exchange to ADE stockholders and will be subject to customary closing conditions, including regulatory approvals and approval by ADE stockholders. The transaction is expected to close by early in the third calendar quarter of 2006.
ADE supplies metrology and inspection systems for the semiconductor wafer, semiconductor device, magnetic data storage and optics manufacturing industries. ADE measurement and inspection systems are used to certify bare silicon substrates in terms of surface defect, shape, flatness and nanotopography up to 300mm diameters. ADE's most recent generation of products serve both 65nm in-line manufacturing applications and 45nm process development.
KLA-Tencor produces yield management and process control solutions for semiconductor manufacturing and related industries.
By Dr Mike Cooke
|
News 
