Camtek expands portfolio
Camtek has announced the signing of an agreement to acquire the entire share capital of Semiconductor Engineering Laboratories Ltd. ("SELA"). SELA is engaged in the development, manufacturing and marketing of automated SEM (Scanning Electron Microscope) and TEM (Transmission Electron Microscope) sample preparation equipment, primarily for the semiconductor industry. As consideration for the shares, Camtek will pay to SELA's shareholders contingent future payments in the aggregate amount of up to $9.5 million, based on SELA's revenues.
SELA, with 26 employees and revenues of $3.8 million and $4.4 million in 2008 and 2007, respectively, has more than 275 systems installed worldwide. Many of these systems are located at world-leading semiconductor fabrication facilities. This, combined with Camtek's well-established infrastructure in manufacturing, sales, service, R&D and facilities, will allow Camtek to increase its revenues, shorten the time-to-market of SELA's unique products and further strengthen Camtek's presence in the semiconductor market.
