MKS Instruments Inc and Atotech Limited have announced that they have entered into a definitive agreement pursuant to which MKS will acquire Atotech. The equity value of the transaction is US$5.1 billion and the enterprise value of the transaction is approximately US$6.5 billion (€5.48 billion).
John T.C. Lee, president and CEO at MKS, commented: “Together MKS and Atotech will be uniquely positioned to drive faster, better solutions and innovations for customers in advanced electronics. By combining leading capabilities in lasers, optics, motion and process chemistry, the combined company will optimise the PCB Interconnect, a significant enabling point of next generation advanced electronics that represents the next frontier for miniaturisation and complexity. We anticipate the addition of Atotech will position MKS to enable roadmaps for future generations of advanced electronics devices. The acquisition of Atotech also provides MKS with a recurring revenue stream from a consumables portfolio for leading edge devices, with meaningful scale and potential on which to build.”
“The combination of Atotech’s expertise in electroplating and chemistry and MKS’ strengths in lasers, laser systems, optics and motion will enable innovative and groundbreaking solutions for customers in the areas of materials processing and complex applications,” said Geoff Wild, CEO of Atotech. “This transaction is an excellent outcome for our shareholders and we believe it will provide immediate value and the opportunity to benefit from the upside potential of the combined company.”
Atotech, headquartered in Berlin, Germany, has a team of 4,000 experts in over 40 countries generating annual revenue of US$1.2 billion in 2020. It has manufacturing operations across Europe, the Americas and Asia. With its well established innovative strength and industry leading global TechCenter network, Atotech delivers pioneering solutions combined with unparalleled on-site support for over 9,000 customers worldwide.
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