Nanolab pushes growth with Microtech Lab acquisition
The move typifies Nanolab's rapid growth path since opening its new Silicon Valley, 48,000 square foot Analytical Services Lab in 2011
Nanolab Technologies, Inc. has acquired Microtech Laboratories, LLC a Dallas, Texas, failure analysis laboratory founded in 1999.
Microtech Laboratories provides sophisticated electrical and physical failure analysis to the semiconductor industry as well as extensive reverse engineering work to the legal industry.
The acquisition continues the rapid growth path set by Nanolab Technologies, Inc., which opened its new, purpose built, state-of-the-art analytical services laboratory in Silicon Valley in 2011, a second lab operation at the Centre for Nanoscale Science and Engineering (CNSE) in Albany, New York in 2011 and acquired Silicon Valley based FIB Lab, Inc. in 2013.
Since its inception, Nanolab continues to invest heavily in new instrumentation for its existing advanced electron microscopy and materials analysis businesses. The company recently identified device failure analysis (FA) as an underserved market and as part of its overall growth strategy has expanded its capabilities through the acquisition of new, advanced instruments.
The company also sees opportunities for further consolidation in the space that will be driven by the cost of new instruments necessary to stay relevant in support of its customers' transition to current and future technology nodes.
Microtech will continue its operations in Plano, Texas where it provides services to a broad array of analogue, digital mixed-signal, MEMS and RF customers. Nanolab Technologies, Inc. will acquire all equipment assets of the company and also hire all of its employees.
"This acquisition is the next step in our company's plan to accelerate growth in key market sectors, leveraging the investments that we have made since 2007 in leading-edge analytical instruments and laboratory facilities," states John P. Traub, Nanolab Technologies, Inc., President and CEO. "Strategic acquisitions will complement our current expansion plans for our Silicon Valley and Albany, New York, lab operations."
Microtech Laboratories President, John Olson, comments, "I am excited to add Nanolab's failure analysis and advanced material analysis services to our capabilities. The combined operations of both companies broaden our portfolio of leading edge electrical and physical analysis services. This also broadens our geographic reach and customer support with complimentary facilities in California, Texas and New York."
Albany NanoTech expansion
Nanolab Technologies completed the first phase of a multi-year expansion at CNSE NanoTech complex in 2011. Future investments by Nanolab at CNSE are planned, including the creation of a new Centre of Excellence for Surface Analysis to complement the company's established microscopy and materials analysis businesses. The Centres of Excellence has gained momentum with the completion in 2013 of the FIB Circuit Edit centre in Milpitas, California.
