ASML Holding NV (ASML) and Brion Technologies, Inc. (Brion) announced that they have signed an agreement for ASML to acquire privately held Brion.
ASML Holding NV (ASML) and Brion Technologies, Inc. (Brion) announced that they have signed an agreement for ASML to acquire privately held Brion.Subject to approval by regulatory authorities, closing is expected in the first quarter 2007. Following completion of the acquisition, Brion will continue to support its current product offering and operate as a wholly owned subsidiary of ASML.
"This combination extends significantly ASML capabilities to support the semiconductor industry as our complementary technologies can enhance further the efficiency of chip manufacturing," said Eric Meurice, president and CEO of ASML. "This acquisition reinforces ASML's growth and value potential as our customers require increasingly advanced lithography tools integrated with optimization capabilities in the race toward the newest chip designs and most advanced technology nodes."
"Joining forces with ASML enables Brion to reinforce its technology offerings in computational lithography while increasing its reach and creating an opportunity for potentially accelerated growth for our products addressing the most advanced semiconductor nodes," said Eric Chen, CEO of Brion. "This combination represents a synergy of wafer manufacturing technologies with multiple areas of cooperation to make our products even more effective."
ASML will pay USD 270 million (approximately EUR 203 million) in cash to acquire Brion. Other details of the transaction were not disclosed.
