News Article
Trimming non-strategic product lines is key to moving up and on
Nanometrics Incorporated has announced that the company has completed the divestiture of its DiVA and Yosemite product lines.
Nanometrics Incorporated has announced that the company has completed the divestiture of its DiVA and Yosemite product lines.The DiVA product line was originally purchased in 2001 by Accent Optical Technologies, Inc., which was then acquired by Nanometrics in July 2006. The DiVA series of moderate power, low cost pulsed IV instruments is primarily sold into the RF microwave industry, with annual sales of less than $1 million. In May, 2007, Nanometrics sold the DiVA product line to Auriga Measurement Systems, LLC of Lowell, Mass. for an undisclosed amount.The Yosemite CD-SEM metrology system was developed by Soluris, Inc., an overlay metrology company acquired by Nanometrics in March 2006. Nanometrics acquired Soluris for its overlay products and had ceased development of the Yosemite CD-SEM product immediately upon closing the Soluris acquisition. SNU Precision Co., a Korean semiconductor equipment company, purchased all Yosemite CD-SEM assets and technology from Nanometrics in May, 2007 for an undisclosed amount."We are pleased with our progress in divesting products and technologies that are not key to our growth strategy," commented Bruce C. Rhine, chief executive officer of Nanometrics. "The DiVA is a well-established product that has no synergy with our metrology business, and the Yosemite includes some excellent technology but serves a market outside of our product focus. Nanometrics' growth strategy is focused on the overlay, optical CD, thin-film and integrated metrology markets. The successful divestiture of these assets is a key part of our team's progress towards improved profitability, cash flow and predictability for Nanometrics."
