KLA-Tencor set to acquire Therma-Wave
Therma-Wave, Inc. announced that it has signed a Definitive Merger Agreement under which KLA-Tencor Corporation has agreed to acquire Therma-Wave for approximately $75 million.
"KLA-Tencor has a global reach and in-depth customer relationships that will extend our latest metrology technologies to a broader market," said Boris Lipkin, Therma-Wave's CEO. "As part of KLA-Tencor, we can ensure our customers' access to KLA-Tencor's global support infrastructure, while collaborating with KLA's skilled product development staff to create innovative new products in several key areas of metrology."
Rick Wallace, CEO of KLA-Tencor, said, "This acquisition will expand KLA-Tencor's portfolio of metrology tools, while strengthening our customers' access to Therma-Wave's advanced measurement capabilities."
The transaction is expected to close during the first quarter of 2007.
