M&A Deal Summary

Applied Materials Acquires Varian Semiconductor Equipment Associates

On May 4, 2011, Applied Materials acquired semiconductors company Varian Semiconductor Equipment Associates for 4.9B USD

Acquisition Highlights
  • This is Applied Materials’ 12th transaction in the Semiconductors sector.
  • This is Applied Materials’ largest (disclosed) transaction.
  • This is Applied Materials’ 11th transaction in the United States.
  • This is Applied Materials’ 2nd transaction in Massachusetts.

M&A Deal Summary
Date 2011-05-04
Target Varian Semiconductor Equipment Associates
Sector Semiconductors
Buyer(s) Applied Materials
Deal Type Add-on Acquisition
Deal Value 4.9B USD
Advisor(s) Credit Suisse Investment Banking (Financial)
Simpson Thacher & Bartlett (Legal)

Target

Varian Semiconductor Equipment Associates

Gloucester, Massachusetts, United States
website
Varian Semiconductor is a supplier of ion implantation equipment used in the fabrication of semiconductor chips. Varian Semiconductor's products are used by chip manufacturers worldwide to produce high-performance semiconductor devices. Customers have made Varian Semiconductor the market leader in ion implant because of its architecturally superior products that lower their costs and improve their productivity.

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Buyer(S) 1

Buyer

Applied Materials

Santa Clara, California, United States

website

Category Company
Founded 1967
Sector Semiconductors
Employees33,900
Revenue 25.8B USD (2022)
DESCRIPTION
Applied Materials' corporate headquarters in Santa Clara, California.
Applied Materials' corporate headquarters in Santa Clara, California.

Applied Materials provides manufacturing equipment, services and software to the global semiconductor, flat panel display, solar photovoltaic (PV) and related industries. Applied’s customers include manufacturers of semiconductor wafers and chips, flat panel liquid crystal and other displays, solar PV cells and modules, and other electronic devices. Applied Materials was founded in 1967 and is based in Santa Clara, California.

DEAL STATS #
Overall 18 of 20
Sector (Semiconductors) 12 of 14
Type (Add-on Acquisition) 14 of 16
State (Massachusetts) 2 of 2
Country (United States) 11 of 11
Year (2011) 1 of 1
Size (of disclosed) 1 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-11-17 Semitool

Kalispell, Montana, United States

Semitool's electrochemical plating and wafer-surface preparation equipment and products are used by companies doing business in chip packaging and chip manufacturing.

Buy $364M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-04 Think Silicon S.A.

Patras Achaia, Greece

Think Silicon S.A. develops and licenses high-performance, ultra-low-power GPUs, and display controller technology for wearables, IoT, home appliances, and industrial automation displays, serving clients worldwide. It has recently been expanding its product line to AI-oriented GPUs, as customers require low power AI processors for Edge Computing. Think Silicon was formed in 2007 and is headquartered in Patras, Greece.

Buy -
Mergr

Product

Company

Legal