SÜSS MicroTec SE

M&A Activity • Mar 19, 2001

News Details

Ad-hoc | 19 March 2001 08:48

Ad hoc-Service: Süss Micro Tec AG english

Ad-hoc announcement precessed and sent by DGAP. The sender is solely responsible for the contents of this announcement. ——————————————————————————– Munich, 19th March 2001 – Süss MicroTec AG has acquired Image Technology Inc., Palo Alto, California, a supplier of precision photomasks for optical lithography. Photomasks are high precision glass plates containing microscopic images of electronic circuits and are used as masters by semiconductor manufacturers to optically transfer these images onto silicon wafers. Photomasks are a key enabling technology in any semiconductor production. Image Technology, Inc. specializes in large area precision photomasks for advanced packaging, Micro Electro Mechanical Systems (MEMS) and opto-electronic applications taking advantage of full field lithography used in Mask Aligners, the main product of Süss MicroTec. Image Technology, Inc. was founded in 1963 and achieved in fiscal year 2000 (ending September 30th, 2000) total sales of 4.24 Million US$ and a double digit pre tax profit margin. The acquisition will be financed by using 343,256 shares out of the authorized capital of Süss MicroTec AG. Both parties have agreed on a lock up period of six (6) months for 50% of the shares and one (1) year for the remaining 50% of shares. Süss MicroTec AG Barbara v. Jan Investor Relations Tel.: +49 (0)89/320 07-314 e-mail: b.jan@suss.de Info: http://www.suss.de end of Ad hoc-announcement, (c) DGAP 19.03.2001 ———————————————————————– WKN: 722670; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 190848 Mär 01