Eitan Oppenheim, President and CEO of Nova: “Through this strategic acquisition, Nova expands into additional target markets, and increases the supply of solutions for the semiconductor market.”
Nova (NASDAQ: NVMI) Announced today the signing of an agreement to acquire Ankosis, a private company headquartered in Germany, for approximately $ 100 million in cash, including a performance-based payment of approximately $ 10 million. The purchase is subject to a number of closing conditions and regulatory approval in Germany. The deal is expected to close during the first quarter of 2022. Nova expects the acquisition to have a positive effect on diluted earnings per share on a non-GAAP basis within 12 months of the closing date.
Ankosis is a leading supplier of chemical measurement systems for use in advanced semiconductor manufacturing processes. Ankosis automatic measurement systems combine flexible architecture with advanced manufacturing capabilities. Ankosis’ measurement systems support the production of semiconductors in the frontend processes, where Nova’s activity has focused so far, and also in the backend processes. Combining Nova’s advanced product portfolio, together with Ankosis’ unique measurement technology, will provide a more comprehensive solution for advanced control of chip manufacturing processes. The integrated solution offering will expand Nova’s target markets beyond the Frontend market to the Backend market, which includes the Advanced Chip Packaging market.
“We are very excited about this strategic acquisition, which is expanding Nova’s presence in additional markets and increasing its target market.” Said Eitan Oppenheim, President and CEO of Nova. “Acquisition Acquisition supports the company’s long-term strategy to expand our technology portfolio, in order to provide a wider range of process control applications in the various markets of the semiconductor industry. In combination with Ankosis’ solutions, Nova will be able to offer its customers a more advanced product basket of solutions for measuring geometric dimensions, characterization of materials and material chemistry, thus bringing customers better insights into the production processes. ”
“Nova is the right partner to support the accelerated growth of Ankosis”, Said Jurg Shetel, CEO of Ankosis. “Our strong and complementary product portfolio will expand Nova’s target markets and strengthen our position as a leader in the field of advanced chemical measurements. We are excited and look forward to joining Nova’s team. “