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Nova buys German chemical metrology co ancosys for $100m

Nova buys German chemical metrology co ancosys for $100m

Eitan Oppenhaim CEO Nova Photo: Ben Gimzo

Israeli metrology firm Nova Measuring Devices Ltd. (Nasdaq:NVMI; TASE:NVMI) introduced right now that it has entered right into a definitive settlement to accumulate ancosys GmbH, a privately held German firm, in an all-cash transaction valued at $100 million, efficiency funds of $10 million.

ancosys offers chemical evaluation and metrology options for superior semiconductor manufacturing. The German firm has developed automated analytical techniques, which mix versatile structure with industry-grade capabilities and help each frontend and backend semiconductor manufacturing.

Rehovot-based Nova mentioned that the mixture of its superior metrology portfolio and ancosys’ differentiated chemical evaluation know-how will ship innovative options for superior semiconductor course of management and can broaden Nova’s complete out there market past frontend semiconductor manufacturing into the back-end and superior packaging markets.

Nova president and CEO Eitan Oppenhaim mentioned, “Buying ancosys will help our long-term technique to broaden our portfolio of key applied sciences to raised serve a wider vary of course of management functions in numerous semiconductor markets. With ancosys options, Nova can supply its prospects a complicated portfolio of dimensional, supplies and chemical metrology options for higher course of perception.”

ancosys president and CEO Jürg Stahl added, “The power of our complementary portfolio will broaden Nova’s out there markets and strengthen our place as chief in superior chemical metrology. We’re excited and searching ahead to becoming a member of Nova’s staff.”

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Nova’s share value is at the moment 4.9% larger on Wall Avenue at $139.02, giving a market cap of $3.962 billion 

Revealed by Globes, Israel enterprise information – – on November 17, 2021.

© Copyright of Globes Writer Itonut (1983) Ltd., 2021.

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