07:27 AM EDT, 10/01/2025 (MT Newswires) -- Axcelis Technologies ( ACLS ) and Veeco Instruments ( VECO ) said Wednesday that they have agreed to an all-stock merger, creating a combined semiconductor equipment company with an expected enterprise value of around $4.4 billion.
Under the terms of the agreement, Veeco shareholders will receive 0.3575 Axcelis ( ACLS ) shares for each share of Veeco they own, the companies said.
At the anticipated H2 2026 closing, Axcelis ( ACLS ) shareholders are expected to own around 58% of the combined company, with Veeco shareholders owning about 42%, the companies said.
The deal has already been unanimously approved by the boards of both companies, the companies said.
Russell Low, president and chief executive officer of Axcelis ( ACLS ), will retain his post in the combined firm, which will be based in Beverly, Massachusetts, and assume a new name and ticker symbol, the companies said. |
