MKS to Acquire Privately Held Tenta
Online staff -- Electronic News, 3/7/2002
e-insite.net
MKS Instruments Inc. today said it plans to acquire privately held Tenta Technology Ltd. in a combination stock/cash deal. The value of the acquisition was not disclosed.
MKS, based in Andover, Mass., supplies instruments, components and subsystems used to measure, control and analyze semiconductor and other advanced thin-film manufacturing processes.
Tenta has about 40 employees in Tel Aviv, Israel, and Sunnyvale, Calif. The company specializes in modular, computer-based process control systems used to control semiconductor manufacturing equipment. The company’s products are designed for 300mm tool applications.
The acquisition is still subject to certain closing conditions, but is expected to be completed in the first calendar quarter of 2002 and will likely be included in MKS’s cash earnings per share in 2002.
Ron Hadar, a co-founder of Tenta, would become general manager of MKS’s Tenta products group after the transaction closes. The company’s process control subsystems are expected to become part of MKS’s product portfolio for controlling critical process parameters of flow, pressure, composition, energy and information for the semiconductor, thin-film and other markets. |
