M&A Deal Summary

GT Advanced Technologies Acquires Thermal Technology

On May 16, 2013, GT Advanced Technologies acquired technology hardware company Thermal Technology

Acquisition Highlights
  • This is GT Advanced Technologies’ 1st transaction in the Technology Hardware sector.
  • This is GT Advanced Technologies’ 4th transaction in the United States.
  • This is GT Advanced Technologies’ 2nd transaction in California.

M&A Deal Summary

Date 2013-05-16
Target Thermal Technology
Sector Technology Hardware
Buyer(s) GT Advanced Technologies
Deal Type Add-on Acquisition

Target

Thermal Technology

Santa Rosa, California, United States
Thermal Technology develops and sells a wide range of high temperature thermal and vacuum products used in the fabrication of advanced materials that are deployed across multiple industries including smartphones and touch screens, LED, medical devices, oil and gas and automotive to name a few.

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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 4 of 4
Sector: Technology Hardware M&A 1 of 1
Type: Add-on Acquisition M&A Deals 3 of 3
State: California M&A 2 of 2
Country: United States M&A 4 of 4
Year: 2013 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-14 Twin Creeks Technologies

San Jose, California, United States

Twin Creeks Technologies was founded in 2008. Headquartered in San Jose, California, the venture backed solar technology company has a portfolio of over 60 patent applications and operates engineering and manufacturing locations in San Jose, Danvers, Massachusetts, and Senatobia, Mississippi.

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