Bruker Announces Agreement to Acquire Jordan Valley Semiconductors Ltd.
October 06 2015 - 8:57AM
Business Wire
Bruker Semiconductor Division to Add
Strategic Business and Synergistic Products in X-Ray
Metrology
Bruker Corporation today announced the signing of an agreement
to acquire the shares of Jordan Valley Semiconductors Ltd. The
acquisition uniquely positions Bruker to offer unmatched solutions
for advanced problems in nanotechnology research and semiconductor
metrology. With trends toward increased connectivity and access to
even larger amounts of data, new nanometrology needs are driving
growth opportunities at advanced semiconductor nodes with even
smaller features and three dimensional structures.
Jordan Valley’s innovative in-line X-ray metrology products
complement Bruker’s leading position in analytical X-ray
technologies. The combination and synergy between the X-ray
metrology solutions of Jordan Valley and Bruker’s advanced X-ray
technologies and automated Atomic Force Microscopy (AFM) systems is
expected to position Bruker’s Semiconductor Division to be a
leading-edge metrology system provider for semiconductor
applications at advanced nodes.
Jordan Valley Semiconductors, located in Migdal Ha`Emek, Israel,
has been at the forefront of X-ray metrology and defect-detection
technology for the semiconductor industry for 30 years.
Seventy-five percent of the world’s top 25 semiconductor
manufacturers rely on Jordan Valley metrology tools for front-end
and back-end applications, including the development of
next-generation thin films. Jordan Valley's tools are fully
automated, non-contact and non-destructive tools designed for
production control on patterned or blanket wafers.
“The rapid growth of mobile technology, cloud computing and big
data processing generates new requirements and opportunities for
faster and more precise metrology of smaller feature sizes and 3D
structures at advanced semiconductor nodes,” said Mark R. Munch,
Ph.D., President of the NANO Group, which includes Bruker’s
Semiconductor Division. “Jordan Valley has been a true pioneer in
offering advanced and unique X-ray metrology solutions as feature
sizes continue to shrink. The combination of Jordan Valley’s core
metrology strengths with Bruker’s complementary X-ray technologies
will enable us to stay ahead of this rapid development and continue
to support the semiconductor industry with unmatched
next-generation X-ray solutions.”
“For the past several decades, Jordan Valley has been committed
to providing the best non-destructive X-ray metrology products,
with the most responsive service and support to semiconductor
manufacturers,” added Isaac Mazor, Founder and CEO of Jordan Valley
Semiconductors. “We are extremely pleased to join Bruker and look
forward to the enhanced product innovation and global market reach
that we will enjoy within the Bruker Semiconductor Division.”
Financial details of the transaction were not disclosed. The
transaction is expected to close in the fourth quarter of 2015, and
the acquired business is expected to add approximately $25-$30
million to Bruker’s 2016 revenue, and approximately one to two
cents to Bruker’s 2016 EPS.
Forward-Looking Statements
This press release includes forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. Forward-looking statements may be identified by the use of
words such as “anticipate,” “believe,” “expect,” “will,” “may,”
“estimate,” “plan,” “outlook,” and “project” and other similar
expressions that predict or indicate future events or trends or
that are not statements of historical matters. Such forward-looking
statements reflect the views of management at the time such
statements are made and are subject to a number of risks,
uncertainties, estimates, and assumptions that may cause actual
results to differ materially from current expectations. Although we
believe the assumptions upon which these forward-looking statements
are based are reasonable, any of these assumptions could prove to
be inaccurate and the forward-looking statements based on these
assumptions could be incorrect. Our actual future performance may
differ materially from such expectations as a result of important
risk factors, which include, in addition to those identified in the
our Annual Report on Form 10-K for the year ended December 31, 2014
and our other subsequent filings with the Securities and Exchange
Commission, risks and uncertainties associated with our ability to
finalize and close, and then manage and integrate the acquisition
of Jordan Valley Semiconductors. These risks and uncertainties
could cause actual results to differ materially from those stated
or implied in these forward-looking statements. We expressly
disclaim any obligation to update or revise these forward-looking
statements, except as required by law or regulation.
About Jordan Valley Semiconductors Ltd
Jordan Valley Semiconductors (JVS) offers the semiconductor
industry a comprehensive portfolio of advanced metrology and defect
inspection tools, based on X-ray technologies, such as XRR (X-ray
reflectometry), XRF (X-ray fluorescence), XRD (X-ray diffraction),
and others. Jordan Valley's investors include Clal Industries and
Investments Ltd. (TASE:CII), Intel Capital (INTC) and Elron
Electronics Industries Ltd. (ELRN.TA). With headquarters in Migdal
Ha`Emek, Israel, the company has subsidiaries in Durham, UK;
Austin, TX (USA); Hsin-Chu, Taiwan; Suwon, Korea; and other offices
and sales representatives worldwide. For more information about
JVS, please visit www.jvsemi.com.
About Bruker Corporation (NASDAQ: BRKR)
For more than 50 years, Bruker has enabled scientists to make
breakthrough discoveries and develop new applications that improve
the quality of human life. Bruker’s high-performance scientific
research instruments and high-value analytical solutions enable
scientists to explore life and materials at molecular, cellular and
microscopic levels.
In close cooperation with our customers, Bruker is enabling
innovation, productivity and customer success in life science
molecular research, in applied and pharma applications, in
microscopy, nano-analysis and industrial applications, as well as
in cell biology, preclinical imaging, clinical research,
microbiology and molecular diagnostics. For more information,
please visit www.bruker.com.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20151006006289/en/
Media Contact:Bruker NANO GroupStephen Hopkins, +1
520-741-1044 x1022Marketing Communications
Supervisorsteve.hopkins@bruker.comorInvestor Contact:Bruker
CorporationJoshua Young, +1 978-663-3660 x1479Vice President,
Investor Relationsjoshua.young@bruker.com
Bruker (NASDAQ:BRKR)
Historical Stock Chart
From Jun 2024 to Jul 2024
Bruker (NASDAQ:BRKR)
Historical Stock Chart
From Jul 2023 to Jul 2024