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  6. GT Advanced Technologies Acquires Crystal Systems

M&A Deal Summary

GT Advanced Technologies Acquires Crystal Systems

On July 30, 2010, GT Advanced Technologies acquired electrical equipment company Crystal Systems

Acquisition Highlights
  • This is GT Advanced Technologies’ 1st transaction in the Electrical Equipment sector.
  • This is GT Advanced Technologies’ 1st transaction in the United States.
  • This is GT Advanced Technologies’ 1st transaction in Massachusetts.

M&A Deal Summary
Date 2010-07-30
Target Crystal Systems
Sector Electrical Equipment
Buyer(s) GT Advanced Technologies
Deal Type Add-on Acquisition

Target

Crystal Systems

Salem, Massachusetts, United States
Crystal Systems is a crystalline growth technology company that manufactures high-quality, large area sapphire substrates used in the LED, defense, medical and aerospace industries.

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Buyer(S) 1

Buyer

GT Advanced Technologies

Merrimack, New Hampshire, United States
Category Company
Founded 1994
Sector Semiconductors
Employees365
Revenue 299M USD (2013)
DESCRIPTION

GT Advanced Technologies manufactures SiC and sapphire materials for electric vehicles, high-power industrial motors, and telecom infrastructure applications. GT Advanced Technologies was founded in 1994 and is based in Merrimack, New Hampshire.

DEAL STATS #
Overall 1 of 4
Sector: Electrical Equipment M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 3
State: Massachusetts M&A 1 of 1
Country: United States M&A 1 of 4
Year: 2010 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-24 Confluence Solar

Hazelwood, Missouri, United States

Confluence Solar, Inc. is the developer of HiCz™, a continuously-fed Czochralski (CCz) growth technology, that enables the production of high efficiency monocrystalline solar ingots.

Buy $60M
Mergr

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