Ceradyne Acquires SemEquip Inc. for $25,000,000
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=992e2cc1-21a2-48e5-b659-c488a8dad55a&Preview=1 -
Date
7/9/2008 -
Company Name
SemEquip Inc. -
Mailing Address
34 Sullivan Road North Billerica, MA 01862-2000 -
Company Description
SemEquip, Inc. is a technology leader in the development of ion implantation systems and advanced ion source materials for the manufacture of logic and memory chips. SemEquip’s technologies enable the utilization of cluster beam ion implantation for manufacturing the world’s most advanced integrated circuits at the lowest cost and highest throughput. -
Website
http://www.semequip.com -
Transaction Type
M&A -
Transaction Amount
$25,000,000 -
Transaction Round
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Proceeds Purposes
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M&A Terms
Ceradyne Inc., which makes ceramics used as military armor and in industrial processes, said Wednesday it agreed to buy privately held SemEquip Inc. for about $25 million in cash.Ceradyne also agreed to pay SemEquip up to $100 million over 15 years following the closing of the deal, contingent upon revenue earned by the company in that period.
