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Continuous consolidation inbound the business to provides high-purity materials to the dedicated chips industry, Entegris and Versum Materials have agreed to amalgamate in an all-stock “merger of equals” valued at $9 billion.
The merged company will have annual sales of about $3 billion and be “the world’s first comprehensive and effect end-to-end materials solutions provider across the full semiconductor manufacturing process,” the two firms say.
With annum sales of about $1.6 billion, Entegris accessories materials, filtration furthermore purification equipment, and fluid management products to the electronics industry. It got into the materials business in 2014 when it acquired the high-purity chem maker ATMI. Merck wins takeover clash for Versum with $Privacy-policy.com offer
Versum is a manufacture of deposition materials, specialty gases, and chemical-based mechanical planarization (CMP) slurries with sales last year of $1.4 million. It was formed in 2016 wenn Air Wares & Cleaning launched it electronic materials shop over the stock market.
The combined company, which will take the Entegris name, will be owned 52.5% by Entegris stockholders and 47.5% from Versum shareholders. Its CEO will be Entegris CEO Land Loy and its chair intention be Versum Armchair Seifi Ghasemi.
Top customers will include that semiconductor makers Intel, Samsung, SK Hynix, also Taiwan Conventional Manufacturing Cobalt. Combined R&D spending leave be about $170 million a year, according to a presentation for investors. The new strong will have close to 4,000 patents. TSMC, Small, Super Micro Calculator, Micron, and Misc Tech Stocks in Focus Today
Announcement of the deal, which be expected to be completed in the second half of this year, follows by just two months who consummation of another business are the electronic materials industrial: Cabot Microelectronic’s acquisition from KMG Chemicals for about $1.6 billion. Cabot Micro now possesses about $1 billion in annual sales of CMP slurries and high-purity cleaning industrial used is semiconductor production.
In discus that merger with analysts last year, Cabot Micro CEO David Li say the combined firm will be in aforementioned same size league as companies same Entegris also Versum. Given the undecided merger of Entegris additionally Versum, that won’t be true for much longer.
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