mks acquires photon controlmks acquires photon control

mks acquires photon control28 May mks acquires photon control

GMF also provides chemical processes for 5G applications and for renewable energies, such as solar and wind turbines. This via formation workflow is unique to the industry and MKS believes this workflow can enable market share gain within an ~$4.5B SAM. Systems Anywhere - Randburg. Photon Control Agrees to be Acquired by MKS - Financial Post The transaction has been approved by the MKS andPhoton Controlboards of directors and is subject to customary closing conditions, including approval byPhotonControlssecurityholdersand court approval inthe Province of British Columbia, Canada, and is expected to close in thethirdquarter of 2021. This will be a long process and we appreciate your patience as we work through the different phases. Atotech will be a separate division within MKS the Materials Solutions Division and will continue to focus on delivering outstanding solutions to its customers. MKS also provides services relating to the maintenance and repair of its products, installation services and training. Atotech is a global leader in process chemicals, equipment, software, and services for advanced electroplating and surface finishing solutions, supplying diverse end markets including printed circuit boards, semiconductor IC packaging and industrial applications. By combining leading capabilities in lasers, optics, motion and process chemistry, the combined company will be positioned to Optimize the Interconnect, Atotech has two core businesses: Electronics (EL) and General Metal Finishing (GMF). News and Editorial Regarding This Company | https://www.bctechnology.com, 2023 T-Net. MKS is under no obligation to, and expressly disclaims any obligation to, update or alter these forward-looking statements, whether as a result of new information, future events or otherwise after the date of this press release. This has also resulted in a more than 60% decrease in the size of the lines and spaces, as well as the diameters of the vias. white-space: -pre-wrap; /* Opera 4-6 */ Yes, opt-in. The total cash consideration of $3.60 per share represents a premium of 16% to the closing price of $3.11 on the Toronto Stock Exchange on May 7, 2021 and a premium of 26% to the volume weighted average price for the 30 trading days ended May 7, 2021. These forward-looking statements are based on certain factors and assumptions, including, without limitation: the Company's ability to develop, manufacture and sell new products that meet the needs of its customers and gain commercial acceptance; the Company's ability to continue to sell its products in line with expected quantity, price and delivery times; the Company's ability to attract new business; continued and future demand for the Company's products; continued sales to the Company's major customers; the Company's operations not being adversely affected by supply, operating, cyber security, litigation or regulatory risks; the Company's ability to react to the cyclical nature of the semiconductor industry; the Company's ability to enhance revenue diversification and open new market opportunities; and, the Company's expectations regarding market risk, including interest rate changes, tax changes and foreign currency fluctuations; and, in respect of the Transaction, the Company's ability to meet all condition precedents set forth in the Arrangement Agreement (including that there be no material adverse effect on the Company before closing of the Transaction) prior to the outside date set forth therein, the Company's ability to secure the required Court approvals in connection with the Transaction and the approval of the Transaction by Company securityholders. We anticipate the acquisition will further advance the MKS strategy to enhance our Surround the Chamber offering by adding optical sensors for temperature control for critical etch and deposition applications in semiconductor wafer fabrication. Any statements that are not statements of historical fact (including statements containing the words will, projects, intends, believes, plans, anticipates, expects, estimates, forecasts, continues and similar expressions) should be considered to be forward-looking statements. "We anticipate the acquisition will further advance the MKS strategy to enhance our Surround the Chamber offering by adding optical sensors for temperature control for critical etch and deposition applications in semiconductor wafer fabrication. Personnel Changes At This Company. This news release contains forward-looking statements within the meaning of applicable Canadian securities legislation. The completion of the Arrangement is not subject to any financing condition. Echelon Capital Markets is acting as financial advisor to Photon Control. Our engineers have years and years of experience across a broad spectrum of PLCs.. MKS Instruments Announces Agreement to Acquire Photon Control Finishing & Coating Magazine recently interviewed MKS President and CEO John T.C. Expands Technology Solutions for Key Customers in Semiconductor Market Acquiring a Leader in Optical Sensors for Temperature Control used in Semic. Choose products to compare anywhere you see 'Add to Compare' or 'Compare' options displayed. Details. The Company's performance was aided by strong market demand as the global semiconductor market reacts to chip shortages and increased pressure on technological advancements in artificial intelligence, 5G, and vehicle electrification, active safety, and autonomous driving. NIGEL HUNTON,PRESIDENT, CEO AND DIRECTOR. Additional information can be found at www.mksinst.com. In an all-cash transaction valued at approximately CAD$387 million (US$321million). MKS Instruments Announces Agreement to Acquire Photon Control. Additional information can be found atwww.mksinst.com. Please refer to "Non-GAAP Measures" in Photon Control Inc.'s annual management's discussion and analysis for the year ended December 31, 2020 for a discussion of Non-GAAP measures used by Photon Control Inc., and to "December 2020 Financial Performance Overview - Net Income and Adjusted EBITDA" for a reconciliation of Photon Control Inc.'s Adjusted EBITDA to net income. The latter is a manufacturer of fiber-optic measurement solutions. Any device that functions as an electrical-to-optical or optical-to-electrical transducer. All rights reserved. Name PHOTON TECHNOLOGIES. These items include, but are not limited to, acquisition and integration costs, acquisition inventory step-up, amortization of intangible assets, restructuring and other expense, asset impairment, and the income tax effect of these items. The tracer dose is very small, and you may feel a cold sensation as it enters your body. We also have a dedicated staffed integration team to support a formal and healthy integration. High performance interconnects are the highways that carry the massive quantities of data between semiconductors, sensors, and other components in Advanced Electronic devices. Photon Control's Board of Directors established a Special Committee of independent directors to oversee the transaction discussions and the Arrangement. Since 2007, the number of vias on an HDI PCB panel has increased more than 4 times, from 250 thousand to more than 1 million. Yes, customers will be able to purchase Atotech products just as before and you should expect the same levels of service and support you have come to expect from Atotech. The Special Committee has recommended to the Board of Directors, and the full Board of the Directors unanimously approved the Transaction and the Arrangement and passed a resolution to recommend that Photon Control securityholders vote in favour of the Transaction. MKS Instruments (MKSI) agreed to acquire Photon Control (PHO) for approximately C$387 million. Wij, Yahoo, maken deel uit van de Yahoo-merkenfamilie. The Company undertakes no obligation to update or revise any forward-looking statements included herein if these beliefs, estimates and opinions or other circumstances should change, except as otherwise required by applicable law. The companys top-line jumped 30% year-on-year to $694 million, beating consensus estimates of $652.2 million. Photon Control Inc.'s high-quality products provide industry-leading accuracy, reliability and quality in the most extreme conditions and are backed by a team of experts providing a variety of on-site and remote services including custom design, installation, training and support. JavaScript is, A management information circular relating to the annual and special meeting of securityholders of, Financial Statements and Management's Discussion and Analysis, Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward-looking statements, including, without limitation: risks related to the completion of the Transaction, including the failure to obtain securityholder or Court approvals in connection with the Transaction; uncertainties relating to the market for the Company's products and maintaining a stable level of orders; fluctuations in revenue as a result of volatility in the markets and product mix; risks relating to the Company's present reliance on its major customers for the majority of its sales; risks relating to the Company's reliance on the financial health of and timing of cycles in the semiconductor industry; risks relating to the development of competing technologies and the possibility of increased competition; the effect of slow growth in the United States, the Company's principal market, as well as other economies and other economic trends and conditions in the markets that the Company and its customers serve; risks associated with the spread of the COVID-19 virus; risks associated with the adverse impact of climate change; risks associated with technical difficulties or delays in product introductions, improvements, implementation; uncertainties in product pricing or other initiatives of the Company and its competitors; uncertainties in factors that may result in a reduction in capital expenditures and/or delayed buying decisions affecting demand for the Company's products; risks relating to currency fluctuations, particularly between the Canadian and United States dollars; risks in pursuing additional development projects to support existing customers or pursue other business opportunities; and such other risks as are identified in the Company's Annual Information Form and other disclosure documents filed on SEDAR at, (Updates from all selected companies are combined and sent in a single email), Registration on or use of this website constitutes acceptance of our, Advertise Event in T-Net Direct Newsletter, All Industry Suppliers (To Local Tech Industry), BC Technology Industry Association (BCTIA), Information & Communications Technologies, BC's Top 100 Tech Companies (By # of Employees), BC's Top 100 Tech Companies (By Revenues), Other Major Tech Employers (HQ Outside BC), BC's Top 20 Biotech/Life Sciences Companies, BC's Top 20 Infotech and Communications Companies, BC's Top 20 New Media and Gaming Companies, BC's Top 20 Wireless Technology Companies, BC's Top 20 Cleantech and Energy Companies, BC's Top 20 Other BC Tech Sector Companies, Photon Control shareholders to receive $3.60 per share in cash, representing an aggregate transaction value of approximately $387 million, The purchase price represents a premium of 26% to the 30-day volume weighted price of $2.87 per Photon Control common share, Photon Control's Board of Directors and its Special Committee of independent members of the Board unanimously recommend that Photon Control securityholders vote in favour of the Transaction, The Transaction is subject to customary closing conditions, including approval by Photon Control securityholders. -- MKS Instruments, Inc.(NASDAQ: MKSI) ("MKS"), a global provider of technologies that enable advanced processes and improve productivity, today announced that it has entered into a definitive agreement pursuant to which MKS will acquire Photon Control Inc. (TSX:PHO) for CAD$3.60 per share, in an all-cash transaction valued at approximately CAD$387 million, with an estimated enterprise value of CAD$343 million. These investments are a critical part of the Company's strategy that focuses on new product development and expanding our sensing technology to higher levels of precision and accuracy and sustaining growth ahead of the semiconductor industry. ITT acquires Micro-Mode Products ITT Inc. has acquired privately held Micro-Mode Products (Micro-Mode) for approximately USD 80 million, which closed on May 2. MKS Instruments, Inc. ANDOVER, Mass., May 10, 2021 (GLOBE NEWSWIRE) -- MKS Instruments, Inc. (NASDAQ:MKSI) (MKS), a global provider of technologies that enable advanced processes and improve productivity,today announced thatit hasentered into a definitiveagreementpursuant to whichMKSwillacquirePhotonControl Inc.(TSX:PHO)forCAD$3.60per share,in an all-cash transactionvalued atapproximatelyCAD$387 million, with an estimated enterprise value ofCAD$343million. We believe these trends will only continue over time, and we are excited to harness our combined capabilities to accelerate new designs and roadmaps for our customers. Overview of Transaction with MKS. We also provide services relating to the maintenance and repair of our products, installation services and training. Consensus among analysts is that MKS Instruments is a Strong Buy based on 6 Buys and 1 Hold. For example, a high-density interconnect PCB in a mobile device has evolved over time. Richmond, BC, May 12, 2021-- (T-Net)-- Photon Control Inc. (TSX: PHO), a leading manufacturer of fiber optic measurement solutions, announced today that it has entered into an arrangement agreement with MKS Instruments, Inc. (NASDAQ: MKSI), a global provider of instruments, systems, subsystems and process control solutions based in Andover, Mass. Photon Control Inc. designs, manufactures and distributes a wide range of optical sensors and systems to measure temperature and position. These statements generally can be identified by use of forward-looking words such as may, will, could, would, should, might, expect, estimate, anticipate, intend, consider, believe, plan, project, assume, strategy, goals, objectives, potential, possible, confident or continue or the negative thereof or similar variations. For most contracts, Atotech (or its applicable subsidiary) will continue to be the contracting party. This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 regarding the future financial performance, business prospects and growth of MKS, and the expected time of closing. These items are uncertain, depend on various factors, and could have a material impact on U.S. GAAP reported results for the relevant period. (2021-05-10 | NDAQ:MKSI) MKS Instruments Announces Agreement to Acquire Photon Control. Photon Control Inc. is listed on TSX, trading under the symbol "PHO". Please Send me an Email Alert (With All of My Company Updates) On The Following Dates: .wrapme3 { Photon Control Inc.s high quality products provide industry-leading accuracy, reliability and quality in the most extreme conditions and are backed by a team of experts providing a variety of on-site and remote services including custom design, installation, training and support. MKS Instruments acquires Photon Control (TSX:PHO) MKS and Atotech have complementary customer solutions in key advanced electronics markets, with MKS expertise in via drilling and Atotech in electroplating and chemistry. Post the closure of the deal, the Photon Control buyout is expected to be accretive to the companys adjusted net earnings within the first year of operations. The Arrangement is expected to close during the third quarter of 2021. MKS has a committed leadership team, including Jim Schreiner who is leading the Materials Solutions Division. Customer focus is a top priority for MKS and Atotech. Follow Company, All Cash Transaction Values the Company at approximately $387 million. July 15, 2021 08:30 ET Copies of Photon Control Inc.'s consolidated financial statements and related notes for the year ended December 31, 2020 and of the accompanying MD&A can be found on SEDAR under Photon Control Inc.'s profile at www.sedar.com. MKS primary served markets include semiconductor, industrial technologies, life and health sciences, and research and defense. Photon Control Inc. is listed on the TSX, trading under the symbol PHO. Additional information about the Company can be found at https://www.photoncontrol.com/investors/. Actual events or results may differ materially from those in the forward-looking statements set forth herein. By combining leading capabilities in lasers, optics, motion and process chemistry, the combined company will be positioned to Optimize the Interconnect, a significant enabling point of next-generation advanced electronics that represents the next frontier for miniaturization and complexity. MKS Instruments Announces Agreement to Acquire Photon Control The statements in this communication contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 regarding the business prospects and growth of MKS Instruments, Inc. (MKS or the Company). white-space: -moz-pre-wrap; /* Mozilla */ All figures herein are stated in Canadian dollars. The transaction is expected to be accretive to MKS' Non-GAAP net earnings within the first 12 months post-closing. MKS Instruments, Inc. is a global provider of instruments, systems, subsystems and process control solutions that measure, monitor, deliver, analyze, power and control critical parameters of advanced manufacturing processes to improve process performance and productivity for our customers. The transaction has been approved by the MKS and Photon Control boards of directors and is subject to customary closing conditions, including approval by Photon Control's securityholders and court approval in the Province of British Columbia, Canada, and is expected to close in the third quarter of 2021. MKS Instruments Announces Agreement to Acquire Photon Control Additional information can be found at www.mksinst.com. Photon Control Completes Acquisition by MKS Instruments - GlobeNewswire Photon Control Inc.definesAdjusted EBITDAas earnings before finance income, accretion expenseon contingent consideration, income taxes, depreciationof property and equipment, amortizationof intangible assetsand foreign exchange loss. Atotech brings leading Process Chemistry and Equipment expertise to MKS, which has leading via drilling expertise (laser-material-interaction expertise). Founded: 1988, New Job Listings Posted By This Company MKS completes its acquisition of Photon Control - Evertiq Photon Control is headquartered in Richmond, British Columbia, Canada and had revenues of CAD$65 million and Adjusted EBITDA of CAD$23 million in 2020. In addition, there is no overlap with Atotechs General Metal Finishing (GMF) business, which in turn will bring new opportunities to MKS in industrial markets. Stikeman Elliott LLP is acting as legal counsel to MKS. Wanneer u onze sites en apps gebruikt, gebruiken we, gebruikers authenticeren, veiligheidsmaatregelen toepassen en spam en misbruik voorkomen, en, gepersonaliseerde advertenties en content weergeven op basis van interesseprofielen, de effectiviteit meten van gepersonaliseerde advertenties en content, en, onze producten en services ontwikkelen en verbeteren. Future downloads will be available automatically. MKS Instruments Announces Agreement to Acquire Photon Control MKS and Atotech have complementary customer solutions in key advanced electronics markets, with MKS expertise in via drilling and Atotech in electroplating and chemistry. The Transaction is also expected to accelerate the execution of our strategic plan, enhance access to additional customers and markets and provide efficiencies from greater scale. These statements are only predictions based on current assumptions and expectations. Photon Control (OTCPK:POCEF): Q1 GAAP EPS of $0.03Revenue of $18M (+4.0% Y/Y) beats by $3.41M. On May 27, MKS Instruments announced its Q1 results. Should underlying assumptions prove to be incorrect or one or more of these risks and uncertainties materialize, actual results may vary materially from those described in the forward-looking statements. ANDOVER, Mass. Over time, MKS and Atotech will be uniquely positioned to drive faster, better solutions for customers in advanced electronics. These products improve performance and enable innovation for our customers and are used in the semiconductor and other high-technology industries. By checking this box, you agree to receive our newsletters, announcements, and marketing offers in accordance with ourprivacy policy. The implementation of the Arrangement will be subject to the approval of at least 66 2/3% of the votes cast by Photon Control securityholders present in person or represented by proxy at the annual and special meeting of Photon Control securityholders, and the receipt of applicable approvals from the Supreme Court of British Columbia. Also, earnings increased 9.4% to $2.56 per share, outpacing the consensus estimates of $2.20 per share. A management information circular relating to the annual and special meeting of securityholders of Photon Control and containing further details regarding the Arrangement and the Arrangement Agreement will be mailed to Photon Control securityholders and made available on SEDAR under Photon Control's profile at www.sedar.com. After careful deliberation, the Special Committee and the Company's Board of Directors have unanimously concluded that the Transaction is fair to the Company's securityholders from a financial point of view and is in the best interests of the Company and its employees.". MKS Instruments, Inc. overflow: none; We believe that Optimizing the Interconnect requires a cross collaboration of laser-based processing and advanced chemistry applications to meet rapidly evolving customer requirements. | Source: Choose products to compare anywhere you see 'Add to Compare' or 'Compare' options displayed. MKS' primary served markets include semiconductor, industrial technologies, life and health sciences, and research and defense. Systems Anywhere designs and installs industrial automation and advanced process control systems. MKS Instruments ( MKSI) agreed to acquire Photon Control ( PHO) for approximately C$387 million. Atotech is committed to being innovative and environmentally conscious, while adapting to meet the needs of their customers worldwide, including 28 of the 30 leading PCB manufacturers. These statements generally can be identified by use of forward-looking words such as "may", "will", "could", "would", "should", "might", "expect", "estimate", "anticipate", "intend", "consider", "believe", "plan", "project", "assume", "strategy", "goals", "objectives", "potential", "possible", "confident" or "continue" or the negative thereof or similar variations. The cash outflow was primarily due to net cash used in operating activities of $3.5 million, of which, $5.0 million related to a payment to settle the Company's 2020 income taxes payable position. The average analyst price target of $230.57 implies 32.2% upside potential. 2023 MKS Instruments. The Atotech transaction strengthens MKS ability to address the acceleration of the next frontier in miniaturization and complexity for Advanced Electronics manufacturing, and we are looking forward to combining our highly complementary expertise and capabilities to Optimize the Interconnect. This press release refers to forward-looking Non-GAAP net earnings, a financial measure that is not in accordance with U.S. generally accepted accounting principles ("U.S. GAAP"). These statements are only predictions based on current assumptions and expectations. * Expands Technology Solutions for Key Customers in Semiconductor Market, * Acquiring a Leader in Optical Sensors for Temperature Control used in Semiconductor Wafer Fabrication, * Enhances the MKS Surround the ChamberPortfolio. These products improve performance and enable innovation for our customers and are used in the semiconductor and other high technology industries. Login to view your complete order history. JavaScript is disabled or not supported by your web browser. The latter is a manufacturer of fiber-optic measurement solutions used in semiconductor wafer fabrication. The announcement does not impact pricing, terms, or conditions on outstanding quotes. These items are uncertain, depend on various factors, and could have a material impact on U.S. GAAP reported results for the relevant period. The scheduling of such meeting will be communicated to all Photon Control securityholders in due course. These sensors are used in temperature control for critical etch and deposition applications in semiconductor wafer fabrication. Lees ons privacybeleid en cookiebeleid voor meer informatie over hoe we je persoonlijke gegevens gebruiken. Therefore, you will not need to change the Atotech supplier account. Actual events or results may differ materially from those in the forward-looking statements set forth herein. The Arrangement Agreement also provides for the payment of a termination fee of $15.5 million to Photon Control in the event the Transaction is terminated in certain specified circumstances, including if MKS does not exercise its right to match in the context of a superior proposal supported by Photon Control. Please refer to "Non-GAAP Measures" in the annual MD&A for the period ended December 31, 2020 for a discussion of non-GAAP measures used by the Company. In addition, streamlined ownership of chemical and laser processes facilitates continuous improvement and issue resolution. Furthermore, TipRanks data shows that financial blogger opinions are 100% Bullish on MKS Instruments, compared to a sector average of 68%. Enter your email address below to reset your account password. Echelon Capital Markets, financial advisor to Photon Control, has provided a fairness opinion to the board of directors of Photon Control that, subject to the assumptions, limitations and qualifications set out in such fairness opinion, the Consideration to be received by Photon Control shareholders pursuant to the Transaction is fair from a financial point of view to Photon Control shareholders. Following the announcement, shares of MKSI fell by as much as 4.8%, while shares of PHO spiked 16.7% on May 10. "We anticipate the acquisition will further advance the MKS strategy to enhance our Surround the Chamber offering by adding optical sensors for temperature control for critical etch and deposition applications in semiconductor wafer fabrication.

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