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SÜSS MicroTec AG: Acquisition of Tamarack Scientific Co. Inc. - Expansion of Technology Competence in Photolithography
GARCHING, Germany --(Business Wire)--
SUSS MicroTec, a leading supplier of equipment and process solutions for
the semiconductor industry and related markets, announces the
acquisition of Tamarack Scientific Co. Inc. (Tamarack), Corona,
California, USA. Today both parties signed a corresponding purchase
agreement. The agreement stipulates the purchase of 100% of Tamarack's
shares for a total price of $ 9.34 million plus an additional variable
earn-out component which depends on the development of revenues for the
upcoming three financial years.
The requirement for more functionality and higher performance of
electronic devices drives the increasing performance needs for
semiconductor components and higher complexity at the same time. This
trend will prevail in the future requiring the adoption of innovative
technologies in the semiconductor backend. In the last two years
necessary initiatives were undertaken to focus and reposition SUSS
MicroTec to ensure that the company will remain in a position to respond
to market and customer requirements in a fast and flexible manner. A
further strategic step is the recent acquisition of Tamarack Scientific.
Tamarack develops, manufactures and distributes UV projection
lithography systems as well as laser micro-structuring tools for the
Advanced Packaging, 3D Integration, MEMS and LED markets. These systems
are used in high volume industrial manufacturing as well as research and
development. With the acquisition of Tamarack, SUSS MicroTec is pursuing
a consolidation strategy in the semiconductor backend equipment industry
by complementing its exposure technology portfolio with projection
lithography.
'With this acquisition, we enlarge our company's lithography segment by
adding a new product line and core tchnology, both of which are highly
complementary to our existing exposure capability.' says Frank P.
Averdung, President and CEO of SÜSS MicroTec AG. 'SUSS MicroTec thereby
becomes the leading backend lithography equipment and solution provider
by offering the most comprehensive set of products and technologies to
the market. This enables us to uniquely satisfy a range of customer's
needs and allows us to offer a broad product range to meet the different
price and performance points required by the industry.'
'We are pleased to become a part of SUSS MicroTec, a company with a
strong market position in semiconductor backend lithography, a global
sales and service infrastructure as well as a solid financial position.
Together with SUSS MicroTec, we can now expand our lithography and laser
processing systems business faster and more successfully in our target
markets.' says Courtney Sheets, Chairman and CEO of Tamarack Scientific.
About SUSS MicroTec SUSS MicroTec (listed on TecDAX of Deutsche Börse
AG) is a leading supplier of equipment and process solutions for
microstructuring in the semiconductor industry and related markets. In
close cooperation with research institutes and industry partners SUSS
MicroTec contributes to the advancement of next-generation technologies
such as 3D Integration and nano imprint lithography as well as key
processes for MEMS and LED manufacturing. With a global infrastructure
for applications and service SUSS MicroTec supports more than 8,000
installed systems worldwide. SUSS MicroTec is headquartered in Garching
near Munich, Germany. For more information, please visit http://www.suss.com.
About Tamarack Scientific Founded in 1966 and headquartered in Southern
California, Tamarack Scientific is an industry leading developer of
industrial laser processing and photolithography systems which are used
to micro-fabricate a wide range of advanced electronic technology
products for the world's leading technology companies in the U.S.,
Europe and Asia. Tamarack designs and engineers systems with the
capability to provide reliable turnkey 24/7 solutions in many different
industrial sectors, specifically tailored to address each of its
customers unique needs. For more information, visit the company's
website at www.tamsci.com.
Language: English Company: SÜSS MicroTec AG Schleissheimer Strasse 90
85748 Garching Germany Phone (News - Alert): +49 (0)89 32007-161 Fax: +49 (0)89
32007-451 E-mail: ir@suss.com Internet: www.suss.com
ISIN: DE000A1K0235 WKN: A1K023 Indices: TecDAX Listed: Regulierter Markt
in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf,
Hamburg, München, Stuttgart
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163142 29.03.2012

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