News Article
Philips Electronics Is To Sell Its X-ray Analytical Business To UK-based
Philips Electronics is to sell its x-ray analytical business to UK-based
Spectris for a total amount of EUR150m. Completion of the transaction is
subject to customary consultation procedures with trade unions and works
councils and clearance by the competition authorities. The takeover is
expected to take place later this year. The business will be renamed
PANalytical as part of Spectris' Process Technology sector.
Tom Verbeek, CEO of Philips Corporate Investments, said: "We are pleased to
have found a buyer for the major part of our analytical business, well
suited to exploit the strengths of this business for further growth and
expansion into new markets. We are reviewing our options with respect to the
remaining parts; opto-acoustic and ellipsometry. Philips Analytical is one
of twenty-seven businesses that are being prepared for divestment or merger
generating, as announced earlier, an estimated EUR1bn."
Philips Analytical is headquartered in Almelo, the Netherlands. Its x-ray
activities employ 850 people worldwide. The company's opto-acoustic (35
people in Boston MA) and ellipsometry (20 people in Almelo and Munich,
Germany) activities are not part of the deal.
Discontinuation of the company's ellipsometry business was announced a
couple of weeks ago (Bulletin 440, July 8, 2002). One "option" being
considered for the ellipsometry business is sale to a third party. The
company is committed to support its installed base. Discussions are ongoing
and announcements are expected within the next few months.
In North America, Accent Optical Technologies has bought Philips
Analytical's operation in Waterloo, Canada. The facility manufactures two
product lines: a DCD x-ray diffraction tool (DCD Pro) and a
photoluminescence mapping system (two products, PLM-100/150), primarily
targeted for compound semiconductor process control. The acquisition
includes intellectual property, know-how and 53 employees worldwide. The
facility opened in December 2001 (Bulletin 412, December 10).
Lattice Semiconductor has agreed to buy Cerdelinx Technologies, an early
stage fabless designer of high-speed communications and storage chips.
Closing is subject to customary conditions and is expected to occur within
one month. Lattice would acquire Cerdelinx in a stock-for-stock transaction
worth $23m. A portion of the consideration will be expensed as in-process
research and development in the current quarter. Cerdelinx currently has a
team of 27 engineers who are developing a portfolio of low-power CMOS
transceivers and backplane interfaces with embedded high-speed SERDES I/O to
support 10Gbit/sec applications.
Implant equipment producer Axcelis Technologies has agreed in principle to
acquire the semiconductor equipment division of Tritek International, a
Chinese capital equipment distribution and support company. The deal follows
a 20-year partnership between the companies. Axcelis will acquire Tritek's
operations and support teams in Tianjin, Beijing, and in Shanghai's
Zhangjiang Hi-Tech Park. The acquisition will expand the workforce at
Axcelis' China operation three-fold.
have found a buyer for the major part of our analytical business, well
suited to exploit the strengths of this business for further growth and
expansion into new markets. We are reviewing our options with respect to the
remaining parts; opto-acoustic and ellipsometry. Philips Analytical is one
of twenty-seven businesses that are being prepared for divestment or merger
generating, as announced earlier, an estimated EUR1bn."
Philips Analytical is headquartered in Almelo, the Netherlands. Its x-ray
activities employ 850 people worldwide. The company's opto-acoustic (35
people in Boston MA) and ellipsometry (20 people in Almelo and Munich,
Germany) activities are not part of the deal.
Discontinuation of the company's ellipsometry business was announced a
couple of weeks ago (Bulletin 440, July 8, 2002). One "option" being
considered for the ellipsometry business is sale to a third party. The
company is committed to support its installed base. Discussions are ongoing
and announcements are expected within the next few months.
In North America, Accent Optical Technologies has bought Philips
Analytical's operation in Waterloo, Canada. The facility manufactures two
product lines: a DCD x-ray diffraction tool (DCD Pro) and a
photoluminescence mapping system (two products, PLM-100/150), primarily
targeted for compound semiconductor process control. The acquisition
includes intellectual property, know-how and 53 employees worldwide. The
facility opened in December 2001 (Bulletin 412, December 10).
Lattice Semiconductor has agreed to buy Cerdelinx Technologies, an early
stage fabless designer of high-speed communications and storage chips.
Closing is subject to customary conditions and is expected to occur within
one month. Lattice would acquire Cerdelinx in a stock-for-stock transaction
worth $23m. A portion of the consideration will be expensed as in-process
research and development in the current quarter. Cerdelinx currently has a
team of 27 engineers who are developing a portfolio of low-power CMOS
transceivers and backplane interfaces with embedded high-speed SERDES I/O to
support 10Gbit/sec applications.
Implant equipment producer Axcelis Technologies has agreed in principle to
acquire the semiconductor equipment division of Tritek International, a
Chinese capital equipment distribution and support company. The deal follows
a 20-year partnership between the companies. Axcelis will acquire Tritek's
operations and support teams in Tianjin, Beijing, and in Shanghai's
Zhangjiang Hi-Tech Park. The acquisition will expand the workforce at
Axcelis' China operation three-fold.
