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Metrology Merger

US companies August Technology and Nanometrics - makers of equipment for inspecting computer chips - have agreed to merge.
US companies August Technology and Nanometrics - makers of equipment for inspecting computer chips - have agreed to merge. The new company - August Nanometrics - will have a worldwide workforce of 550 and annual revenues of around US$140 million.



Nanometrics chief executive officer John Heaton will become CEO of the new company, while August chief financial officer Stan Piekos will assume the CFO role. Nanometrics chairman Vincent Coates will be chair of the new company's board.



The companies said that the merger made sense because there was little overlap between their products.


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