MKS instruments to acquire chemicals firm Atotech

$5.1 billion cash and stock deal will unite capabilities in lasers, optics, and process chemistry “to enable advanced electronics”.

Manufacturing technologies and laser firm MKS Instruments, is to acquire Atotech, a process chemicals and advanced electroplating solutions company. The acquisition consists of a cash and stock deal with an equity value of $5.1 billion and an enterprise value of approximately $6.5 billion.

MKS stated, “the transaction will result in pro forma annual revenue of $3.8 billion and is expected to be accretive to MKS’s Non-GAAP net earnings per share within the first year and additive to MKS’s free cash flow. [We] expect to realize $50 million in annualized cost synergies within 18 to 36 months.”

Together, MKS and Atotech will be uniquely positioned to drive faster, better solutions and innovations for customers in advanced electronics,” said MKS President and CEO John T.C. Lee.

Source: https://optics.org/

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