M&A Deal Summary

KLA Acquires Orbotech

On March 19, 2018, KLA acquired electronics company Orbotech for 3.2B USD

Acquisition Highlights
  • This is KLA’s 4th transaction in the Electronics sector.
  • This is KLA’s largest (disclosed) transaction.
  • This is KLA’s 1st transaction in Israel.

M&A Deal Summary

Date 2018-03-19
Target Orbotech
Sector Electronics
Buyer(s) KLA
Deal Type Add-on Acquisition
Deal Value 3.2B USD
Advisor(s) Barclays Investment Bank (Financial)
Cravath, Swaine & Moore (Legal)

Target

Orbotech

Yavne, Israel
Orbotech is a global supplier of yield-enhancing and process-enabling solutions for the manufacture of electronics products. Orbotech was founded in 1981 and is headquartered in Yavne, Israel.

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Buyer(S) 1

Buyer

KLA

Milpitas, California, United States

Category Company
Founded 1975
Sector Test/Measurement Equipment
Employees15,000
Revenue 10.5B USD (2023)
DESCRIPTION

KLA is a provider of process control and yield management solutions for the semiconductor and related microelectronics industries. The company's portfolio of products, software, analysis, services and expertise is designed to help IC manufacturers manage yield throughout the entire wafer fabrication process-from R & D to final yield analysis. KLA was established in 1975 and is based in Milpitas, California.


DEAL STATS #
Overall 19 of 20
Sector (Electronics) 4 of 4
Type (Add-on Acquisition) 16 of 17
Country (Israel) 1 of 1
Year (2018) 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-01-01 Ambios Technology

Santa Cruz, California, United States

Ambios Technology, Inc. provides industrial and academic researchers with affordable world-class surface analysis instrumentation, and is the fastest growing Surface Profilometer manufacturer in the world. Ambios a manufacturer of high-resolution surface metrology systems, SPM/AFM systems.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-22 MicroSense

Lowell, Massachusetts, United States

MicroSense LLC is involved in designing and manufacturing capacitive position sensors, metrology modules, and magnetic metrology tools. It provides precision capacitive sensors for high resolution, non-contact position sensing, and vibrating sample magnetometers for magnetic property measurement. MicroSense was founded in 1967 and is based in Lowell, Massachusetts.

Buy -