KLA-Tencor set to buy Therma-Wave for $75 million – EE Times

LONDON — Semiconductor process control and metrology company Therma-Wave Inc. said it has agreed that KLA-Tencor Corp., a larger process control company, should acquire Therma-Wave through a cash tender offer for $1.65 per share, or approximately $75 million.
Therma-Wave’s board of directors has approved the definitive merger agreement and has recommended KLA-Tencor’s offer to shareholders unanimously. The transaction is subject to customary closing conditions, including regulatory approvals, and is expected to close during the first quarter of 2007.
“KLA-Tencor has a global reach and in-depth customer relationships that will extend our latest metrology technologies to a broader market,” said Boris Lipkin, chief executive officer of Therma-Wave (Fremont, Calif.), in a statement. “As part of KLA-Tencor, we can ensure our customers’ access to KLA-Tencor’s global support infrastructure, while collaborating with KLA’s skilled product development staff to create innovative new products in several key areas of metrology.”
Rick Wallace, CEO of KLA-Tencor (San Jose, Calif.), said, “This acquisition will expand KLA-Tencor’s portfolio of metrology tools, while strengthening our customers’ access to Therma-Wave’s advanced measurement capabilities.”

Industry veteran Peter Clarke runs EETimes Europe’s Analog website. With special interests in emerging technology and startups, he’s been writing about the semiconductor industry since 1984 and wrote for EE Times US from 1994 to 2013.
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