M&A Deal Summary

FormFactor Acquires Keystone Photonics

On December 15, 2025, FormFactor acquired semiconductors company Keystone Photonics

Acquisition Highlights
  • This is FormFactor’s 4th transaction in the Semiconductors sector.
  • This is FormFactor’s 1st transaction in Germany.

M&A Deal Summary

Date 2025-12-15
Target Keystone Photonics
Sector Semiconductors
Buyer(s) FormFactor
Deal Type Add-on Acquisition

Target

Keystone Photonics

Karlsruhe, Germany
Keystone Photonics is a technology company that designs and fabricates advanced photonic components, including additive-manufactured lensed fibre probes and custom optics for wafer-level testing and optical coupling. Keystone Photonics is based in Karlsruhe, Germany.

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Buyer(S) 1

Buyer

FormFactor

Livermore, California, United States

Category Company
Founded 1993
Sector Semiconductors
Employees961
Revenue 231M USD (2013)
DESCRIPTION

FormFactor, Inc. designs, develops, manufactures, sells, and supports semiconductor wafer probe card products and solutions worldwide.


DEAL STATS #
Overall 5 of 5
Sector: Semiconductors M&A 4 of 4
Type: Add-on Acquisition M&A Deals 2 of 2
Country: Germany M&A 1 of 1
Year: 2025 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-02-07 FICT

Nagano, Japan

FICT engages in development, design, manufacturing, sales, maintenance of electronic and optical interconnect products for electronic devices and also provides Consulting services on electronic and optical interconnect products for electronic devices. FICT is based in Nagano, Japan.

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