M&A Deal Summary

Veeco Instruments Acquires Ultratech

On February 2, 2017, Veeco Instruments acquired machinery company Ultratech for 815M USD

Acquisition Highlights
  • This is Veeco Instruments’ 1st transaction in the Machinery sector.
  • This is Veeco Instruments’ largest (disclosed) transaction.
  • This is Veeco Instruments’ 5th transaction in the United States.
  • This is Veeco Instruments’ 2nd transaction in California.

M&A Deal Summary

Date 2017-02-02
Target Ultratech
Sector Machinery
Buyer(s) Veeco Instruments
Deal Type Add-on Acquisition
Deal Value 815M USD
Advisor(s) BofA Securities (Financial)
O'Melveny & Myers (Legal)

Target

Ultratech

San Jose, California, United States
Ultratech, Inc. is a provider of lithography, laser-processing and inspection systems used to manufacture semiconductor devices and LEDs. Ultratech, Inc. was established in 1979 and is headquartered in San Jose, California.

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Buyer(S) 1

Buyer

Veeco Instruments

Plainview, New York, United States

Category Company
Founded 1945
Sector Electrical Equipment
Employees1,215
Revenue 666M USD (2023)
DESCRIPTION

Veeco Instruments is a provider of equipment solutions enable the manufacture of LEDs, flexible OLED displays, power electronics, hard drives, MEMS and wireless chips. Veeco Instruments was founded in 1945 and is based in Plainview, New York.


DEAL STATS #
Overall 5 of 5
Sector (Machinery) 1 of 1
Type (Add-on Acquisition) 5 of 5
State (California) 2 of 2
Country (United States) 5 of 5
Year (2017) 1 of 1
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-05 Solid State Equipment

Horsham, Pennsylvania, United States

Solid State Equipment designs and manufactures capital equipment for semiconductor companies. The company provides outstanding products and services for the integrated circuit industry that can be configured to a specific customer’s needs, while leveraging standard platforms and proprietary technology to drive efficiencies. Solid State Equipment provides sales and technical support through its global network of direct and independent representatives.

Buy $150M