A couple more sentences from Brad Mattson on the Epi deal...
Story updated at 5:30 p.m. EDT/2:30 p.m. PDT, 7/13/98
Mattson enters epitaxy market with
acquisition of Concept Systems Design
FREMONT, Calif. -- Mattson Technology Inc. here today announced that it
has acquired Concept Systems Design, a global supplier of epitaxial systems,
in a stock transaction.
Brad Mattson, CEO of Mattson Technology, said the acquisition of Concept,
also in Fremont, is "both strategic and synergistic." Mattson is not recognized
for epi technology. However, Brad Mattson noted at an industry overview
session at the trade show that his firm has been quietly working on
developing epi systems for more than two years. Concept Systems Design is
a marklet leader, with 400 of its Gemini product systems installed in the batch
EPI market.
Mattson will also pick up a 60,000 square-foot Silicon Valley facility in the
transaction. In exchange, privately-held Concept will garner 800,000 shares
of Mattson common stock.
Ralph Martin, currently president of Mattson Technology, will become
president of Concept Systems Design, which is to become a wholly-owned
subsidiary of Mattson Technology. At the same time, Mattson's HTP
Division (High Temperature Processing) will merge its operations with
Concept to form a new Concept-HTP subsidiary. Martin will continue to
report directly to CEO Brad Mattson, and will share his duties as president of
Mattson Technology with Mattson and newly appointed chief operating
officer Dave Dutton.
Market analysts at Salzer Technology Enterprises estimate the total epitaxy
market at $310 million in 1998 with the batch system share estimated at $120
million. Compound annual growth rate for 1996 to 2000 is estimated at 19.1%
for the EPI market.
By the way, Earnings are reported July 23rd. Conf Call replay is available beginning at 8 PM ET at 402 220 1022 505948
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