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SUSS MicroTec concludes €9 million acquisition of HamaTech APE
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SUSS MicroTec and HamaTech APE, a wholly owned subsidiary of Singulus Technologies, have agreed terms of the acquisition by SUSS. The purchase price is for €4.5 million with a further €4.5 million paid for the purchase of the land and company premises. The closing date of the transaction is set for January 2010. "HamaTech APE's 20 years of experience in developing processes and equipment along with its highly innovative cleaning technology ideally complement SUSS MicroTec's core competency of critical wet processing in semiconductor production," commented, Frank Averdung, Chief Executive Officer of SUSS MicroTec AG. "The modern production site at Sternenfels is ideally suited for expansion into a group-wide competence centre for ‘wet processing.’ We therefore intend to relocate the Coater and Developer production set up in neighboring Vaihingen to the Sternenfels plant.”
Both contractual parties had already signed a comprehensive term sheet for the acquisition of HamaTech APE on December 6, 2009.