Anyone know anything about these guys?
II-VI Incorporated to Acquire Ascatron and Outstanding Interests in INNOViON for Vertically Integrated Silicon Carbide Power Electronics Technology Platform
Aug 12, 2020
- Ascatron AB – Kista, Sweden: Silicon carbide (SiC) epitaxial wafers and devices for power electronics
- INNOViON Corporation – Colorado Springs, CO, U.S.: Ion implantation technology and services for semiconductor devices
- Transactions expected to close by the end of calendar year 2020
- Acquisitions complement the technology licensed from General Electric (NYSE: GE) to manufacture SiC devices and modules for power electronics
II-VI Incorporated (Nasdaq: IIVI), a leader in compound semiconductors, today announced that it has entered into a definitive agreement to acquire all the outstanding shares of Ascatron AB, a leader in silicon carbide (SiC) epitaxial wafers and devices for power electronics. II-VI also announced that it will acquire all the outstanding interests of the owners of the parent of INNOViON Corporation, a leader in ion implantation technology for silicon and compound semiconductor devices. Both transactions are scheduled to close by the end of calendar year 2020.
Ascatron produces state-of-the-art SiC epitaxial wafers and devices that enable a wide range of high-voltage power electronics applications. Ascatron is led by a team of experts in wide-bandgap materials with more than 200 person-years in the SiC and semiconductor industry, bringing world-class competence to SiC development and production processes.
INNOViON is the largest provider of ion implantation services in the world, with 30 implanters across a global footprint that support unique capabilities in semiconductor materials processing for up to 300 mm wafers. INNOViON’s processes enable doping in a wide range of semiconductors, including silicon carbide, gallium arsenide, indium phosphide, and silicon, to produce advanced devices.
continues at ii-vi.com
IIVI just reported a huge beat this morning.
seekingalpha.com
Their CC will be at 9 ET, here:
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