M&A Activity • Oct 17, 2011
M&A Activity
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Media | 17 October 2011 18:55
SÜSS MicroTec AG: Divestment of SUSS MicroTec Precision Photomask Inc.
SÜSS MicroTec AG / Key word(s): Enterprise/
17.10.2011 / 18:55
PRESS RELEASE
SUSS MicroTec AG: Divestment of SUSS MicroTec Precision Photomask Inc.
Garching, October 17, 2011 – The SUSS MicroTec AG has sold its mask manufacturing business – SUSS MicroTec Precision Photomask Inc. (formerly known as Image Technology Inc.) – in Palo Alto, California, on October 14, 2011 to Compugraphics Inc.. This move supports the expansion of the SUSS MicroTec Photo Mask Equipment business by eliminating competitive overlap with prospective customers. Synergies with the core equipment business were limited so that a deconsolidation will be possible easily. The divestment of the mask business is a further step of SUSS MicroTec to focus on its profitable and high growth core business areas. The transaction will have no effect on the consolidated income statement.
Compugraphics Inc., a wholly owned subsidiary of OM Group, has acquired all the assets of SUSS MicroTec Precision Photomask Inc. and will continue operations in the US. Compugraphics is a globally acting mask manufacturer with mask shops in the US, UK and Germany.
About SUSS MicroTec
SUSS MicroTec (listed on TecDAX of Deutsche Börse AG) is a leading supplier of equipment and process solutions for microstructuring in the semiconductor industry and related markets. In close cooperation with research institutes and industry partners SUSS MicroTec contributes to the advancement of next-generation technologies such as 3D Integration and nanoimprint lithography as well as key processes for MEMS and LED manufacturing. With a global infrastructure for applications and service SUSS MicroTec supports more than 8,000 installed systems worldwide. SUSS MicroTec is headquartered in Garching near Munich, Germany. For more information, please visit http://www.suss.com .
Disclaimer
All statements in this release other than historical facts are forward-looking statements within the meaning of U.S. Private Securities Litigation Reform Act of 1995. Words such as 'believe', 'expect', 'intend', 'anticipate', 'estimate', 'should', 'may', 'will', 'plan' and similar words and terms used in relation to the enterprise are meant to indicate forward-looking statements of this kind. The company accepts no obligation toward the general public to update or correct forward-looking statements. All forward-looking statements are subject to various risks and uncertainties, as a result of which actual events may diverge numerically from expectations. The forward-looking statements reflect the view at the time they were made.
Contact:
SUSS MicroTec AG
Franka Schielke
Schleissheimer Strasse 90
85748 Garching, Deutschland
Tel.: +49 (0)89 32007-161
Fax: +49 (0)89 32007-451
Email: [email protected]
End of Media Release
17.10.2011 Dissemination of a Press Release, transmitted by DGAP – a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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| Language: | English |
| Company: | SÜSS MicroTec AG |
| Schleissheimer Strasse 90 | |
| 85748 Garching | |
| Germany | |
| Phone: | +49 (0)89 32007-161 |
| Fax: | +49 (0)89 32007-451 |
| E-mail: | [email protected] |
| Internet: | www.suss.com |
| ISIN: | DE000A1K0235 |
| WKN: | A1K023 |
| Listed: | Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart |
| End of News | DGAP-Media |
| - - - |
| 142526 17.10.2011 |
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