KLA-Tencor to acquire ADE Corporation
KLA Tencor Corporation and ADE Corporation jointly announced they have signed a definitive agreement for KLA-Tencor to acquire ADE Corporation.
"This combination will allow us to use the significant industry presence of KLA-Tencor to accelerate the growth and development of new products within the semiconductor device area while also providing us with access to its world-wide semiconductor customer base," said Dr. Chris L. Koliopoulos, ADE's CEO and president.
"Our current customers in the bare silicon wafer manufacturing industry will also gain access to a broader portfolio of defect inspection and metrology solutions."
According to KLA-Tencor's Chief Executive Officer Rick Wallace, "This acquisition is in line with our strategy to expand into adjacent markets with solid growth prospects. ADE is a well-managed company that has built a strong position in the bare-wafer market."
