M&A Deal Summary

Corning Acquires Tropel

On January 23, 2001, Corning acquired test/measurement equipment company Tropel for 190M USD

Acquisition Highlights
  • This is Corning’s 1st transaction in the Test/Measurement Equipment sector.
  • This is Corning’s 5th largest (disclosed) transaction.
  • This is Corning’s 3rd transaction in the United States.
  • This is Corning’s 1st transaction in New York.

M&A Deal Summary
Date 2001-01-23
Target Tropel
Sector Test/Measurement Equipment
Buyer(s) Corning
Deal Type Add-on Acquisition
Deal Value 190M USD

Target

Tropel

Fairport, New York, United States
Tropel Corp., makes precision optics and metrology instruments for the semiconductor industry. Tropel’s product lines of high performance optical components, subsystems, and optical metrology instruments, specially designed and manufactured for wafer, photomask, and semiconductor equipment.

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Buyer(S) 1

Buyer

Corning

Corning, New York, United States
Category Company
Founded 1851
Sector Manufacturing
Employees49,800
Revenue 12.6B USD (2023)
DESCRIPTION

Corning is a manufacturer of specialty glass and ceramics. The Company creates and makes keystone components that enable systems for consumer electronics, mobile emissions control, optical communications, and life sciences. Corning was founded in 1851 and is based in Corning, New York.

DEAL STATS #
Overall 3 of 17
Sector (Test/Measurement Equipment) 1 of 1
Type (Add-on Acquisition) 3 of 14
State (New York) 1 of 1
Country (United States) 3 of 13
Year (2001) 1 of 2
Size (of disclosed) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-05-03 IntelliSense Software

Woburn, Massachusetts, United States

IntelliSense Software Corporation designs and develops solutions for micro electromechanical systems (MEMS) industry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-05-01 Gilbert Engineering

Statesville, North Carolina, United States

Gilbert Engineering Co.,is a manufacturer of coaxial connectors for the CATV industry.

Buy -
Mergr

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