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MATTSON TO ACQUIRE CONCEPT SYSTEMS -- Mattson Technology, Inc. today reported signing an agreement to acquire Concept Systems Design, a supplier of epitaxial systems for manufacturing semiconductors, for up to $7M in stock. Concept Systems, based in Fremont, Calif., was founded in 1989 and has an installed base of more than 400 systems. Mattson said it will issue approximately 800,000 shares of its common stock, valued at about $4.15M at Friday's closing price, in exchange for all outstanding shares of privately held Concept Systems. Subject to certain conditions, Mattson may issue up to an additional 550,000 shares of its common stock, valued at about $2.85M, in acquiring Concept Systems. If the transaction is completed as expected in 3Q98, Mattson will add epitaxy to its product line of photoresist stripping, chemical vapor deposition, isotropic etching and rapid thermal processing equipment. Ralph Martin, who is currently Mattson president, will be appointed president of Concept Systems Design as a wholly owned subsidiary of Mattson. At the same time, Mattson's HTP division (High Temperature Processing) will merge operations with Concept forming a new Concept-HTP subsidiary. Mr. Martin will continue to report directly to CEO Brad Mattson, and will share his duties as president with Mr. Mattson and newly appointed COO Dave Dutton. Mattson: 510 492-6334. |
