News Article
Acquisition will strengthen photonic microengineering solutions
Electro Scientific Industries, Inc. (ESI) has announced it has agreed to acquire New Wave Research, Incorporated (NWR)
Electro Scientific Industries, Inc. (ESI) has announced it has agreed to acquire New Wave Research, Incorporated (NWR) Nick Konidaris, president and CEO of ESI commented, "ESI's acquisition of NWR accelerates our mutual growth strategies by leveraging our combined core competencies into adjacent markets. NWR will give us entry into the sapphire wafer scribing market through their Accuscribe systems, as well as LCD repair with their Quicklaze suite of products. Together our strong research and development talent pool will provide us with centres in Portland, Montana, and Silicon Valley to help accelerate the development of new tools for both companies." "ESI will enhance our products by providing advanced scientific, engineering, and system design capabilities. This alliance will also greatly benefit our customers by giving them access to a larger range of products in addition to an expanded support network. We are very excited by the incremental growth opportunities this merger provides," stated Pei Hsien Fang, CEO and co-founder of New Wave Research.
