Trikon to merge with Aviza Technology
UK"“based wafer fabrication equipment producer Trikon Technologies is intending to merge with Aviza Technology, a supplier of thermal process and atomic layer deposition (ALD) systems headquartered in Scotts Valley, CA.
Aviza's stockholders have already agreed to the consolidation, but the deal is still subject to the approval of Trikon's shareholders.
The new organization, also named Aviza Technology, will keep in place all the existing manufacturing facilities. Based on 2004 figures, the merged company, with 700 staff, should generate annual revenue in the region of $160 million.
Aviza stockholders will own 60% of the new company, with Trikon stockholders accounting for the remaining 40%.
Aviza's current CEO, Jerry Cutini, and present CFO, Patrick O'Connor, will continue in these roles at the new company, whilst Trikon's CEO, John Macneil, will be appointed CTO.
"We believe there is great synergy between Trikon's and Aviza's product offerings, and expect this transaction to be very positive for both companies, and more importantly, for our customers," said Macneil.
"Trikon's product portfolio, consisting of plasma etch, physical vapor deposition and chemical vapor deposition systems, combined with Aviza's thermal processing and ALD tools, will allow us to expand and provide a broader solution set."
Cutini added: "The consolidation with Trikon fits Aviza's roadmap well and reinforces our commitment to growth. We believe that Aviza will be well positioned to deliver continued innovation of leading-edge manufacturing tools and processes as the industry continues to push the limits of Moore's Law."