News Article
SÜSS MicroTec acquires Tamarack
The German based firm aims to expand its knowledge in projection photolithography
Headquartered in Garching near Munich, SÜSS MicroTec has acquired Tamarack Scientific Co. Inc., which is based in Corona, California, USA.
Both parties have signed a purchase agreement which stipulates the purchase of 100% of Tamarack's shares for a total price of $ 9.34 million plus a variable earn-out component. The additional cost will depend on revenues in the next three financial years.
The requirement for greater functionality and performance of electronic devices drives the increasing needs for semiconductor components with higher complexity.
This trend is expected to prevail in the future and require the adoption of innovative technologies in the semiconductor backend sector. In the past two years, initiatives were undertaken to focus and reposition SÜSS MicroTec to ensure that the company will remain in a position to respond to market and customer requirements in a fast and flexible manner. The further strategic step is the recent acquisition of Tamarack Scientific.
Tamarack develops, manufactures and distributes UV projection lithography systems as well as laser micro-structuring tools for the Advanced Packaging, 3D Integration, MEMS and LED markets. These systems are used in high volume industrial manufacturing as well as research and development.
With the acquisition of Tamarack, SÜSS MicroTec is pursuing a consolidation strategy in the semiconductor backend equipment industry by complementing its exposure technology portfolio with projection lithography.
'With this acquisition, we enlarge our company's lithography segment by adding a new product line and core technology, both of which are highly complementary to our existing exposure capability", says Frank P. Averdung, President and CEO of SÜSS MicroTec AG.
"SÜSS MicroTec thereby becomes the leading backend lithography equipment and solution provider by offering the most comprehensive set of products and technologies to the market. This enables us to uniquely satisfy a range of customer's needs and allows us to offer a broad product range to meet the different price and performance points required by the industry."
"We are pleased to become a part of SÜSS MicroTec, a company with a strong market position in semiconductor backend lithography, a global sales and service infrastructure as well as a solid financial position. Together with SÜSS MicroTec, we can now expand our lithography and laser processing systems business faster and more successfully in our target markets," adds Courtney Sheets, Chairman and CEO of Tamarack Scientific.
