ESI and Zygo To Merge

Gregory T. Huang10/16/08

Portland, OR-based Electro Scientific Industries (NASDAQ: ESIO) and Middlefield, CT-based Zygo (NASDAQ: ZIGO) announced today they have agreed to merge in an all-stock transaction. ESI’s expertise is in photonic microengineering, while Zygo’s is in metrology and optical systems. The merger is expected to be complete in the first quarter of 2009.

Gregory T. Huang is Xconomy's National IT Editor and the Editor of Xconomy Boston. You can e-mail him at gthuang@xconomy.com, call him at 617-252-7323, or follow him on Twitter at @gthuang.