MKS Instruments Inc has announced the completion of the previously announced acquisition of Atotech Limited for approximately US$4.4 billion in cash and MKS common stock.
John T.C. Lee, president and CEO of MKS Instruments, commented: “The acquisition of Atotech positions MKS to accelerate roadmaps for future generations of advanced electronics devices. By combining leading capabilities in lasers, optics, motion and now process chemistry, MKS is set to be a leader in the next frontier for miniaturisation and complexity: Optimising the InterconnectSM, a significant enabling point of next-generation advanced electronics. Atotech’s leadership in functional and decorative surface finishing will also extend MKS’ product offering for industrial applications and grow our market reach. I could not be more excited to welcome the Atotech team to the MKS family.
MKS Instruments is a global provider of technologies that enable advanced processes and improve productivity. It delivers foundational technology solutions to leading edge semiconductor manufacturing, advanced electronics and specialty industrial applications.
The combination of MKS and Atotech creates a company with pro forma revenue of US$4.5 billion for the twelve months ending 30th June 2022. As a result of higher interest rates on debt financing compared to the time the transaction was originally announced in July 2021, as well as the impact of the current macroeconomic and inflationary environment on our business, MKS currently anticipates the acquisition will be accretive to Non-GAAP diluted net earnings per share for the full fiscal year 2024.
Will joined Fastener + Fixing Magazine in 2007 and over the last 15 years has experienced every facet of the fastener sector - interviewing key figures within the industry and visiting leading companies and exhibitions around the globe.
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