ASM International spin-off, Levitech has secured a €5 million investment from ADP Investments as well as ASM International. ADP Investments has also taken a minority share in Levitech. The RTP technology supplier has also received a €2.4 million innovation credit from The Dutch Ministry of Economic Affairs, Agriculture & Innovation.
“This funding provides Levitech with sufficient capital to finance its growth in the Levitor RTP product line on the one hand and to allow the company to finalize the development and market introduction of the Levitrack ALD Al2O3 deposition system for the PV industry on the other hand,” commented Jaap Beijersbergen, Levitech’s CEO. “This financial commitment from ASMI, ADP Investments and the Dutch government demonstrates that Levitech is focusing on the right product mix’.
The innovation credit is a loan that needs to be paid back from 2015 onwards, according to Levitech.