MKS completes acquisition of Newport
MKS Instruments, a provider of process technologies, has announced the completion of its acquisition of photonics firm Newport for $23.00 per share, or approximately $905 million, and repayment of approximately $93 million of Newport's US indebtedness.
"We're excited by the combination of MKS Instruments and Newport Corporation, as it creates a premier supplier of critical components and subsystems for a diverse set of end markets, from semiconductor to life sciences, each with a common need for highly precise technology enabling solutions," said Gerald Colella, MKS Instruments' CEO and president.
"With the strong support of the Newport management team, we have already begun to lay out our integration plans to achieve profitable and sustainable growth targets and are confident in our ability to achieve our goals."
