Veeco Completes Sale of Metrology Business to Bruker Corporation
Veeco Instruments Inc. have announced that it has completed the sale of its Metrology business to Bruker Corporation , a provider of high-performance scientific instruments and solutions for molecular and materials research, for $229.4 million in cash.The sale transfers Veeco's worldwide Metrology business to Bruker, including Veeco's Atomic Force Microscope (AFM) business in Santa Barbara, CA and its Optical Industrial Metrology (OIM) business in Tucson, AZ, as well as Veeco's associated global AFM/OIM field sales and support organization. Additional terms of the transaction were not disclosed. Citigroup Global Markets Inc. acted as exclusive financial advisor to Veeco in connection with the transaction.
About Veeco
Veeco makes equipment to develop and manufacture LEDs, solar panels, hard disk drives, and other devices. We support our customers through product development, manufacturing, sales and service sites in the U.S., Korea, Taiwan, China, Singapore, Japan, Europe and other locations. Please visit us at www.veeco.com.
About Bruker
Bruker Corporation, headquartered in Billerica, Massachusetts, is a provider of high-performance scientific instruments and solutions for molecular and materials research, as well as for industrial and applied analysis. For more information: http://www.bruker.com.
