Evatec acquires Oerlikon's Advanced Technologies business
Evatec, a thin film deposition company based in Flums, Switzerland, has today signed an agreement to acquire the Advanced Technologies business division of the Swiss company Oerlikon to expand its existing thin film deposition systems business. The transaction is expected to close during the first quarter of 2015.
Oerlikon's Advanced Technologies division offers thin film deposition systems and processes to the semiconductor, optical data storage and advanced nanotechnology markets. Applications for the semiconductor market include LEDs, power devices, read/write heads for hard disks, Micro-Electro-Mechanical Systems (MEMS), and advanced packaging. Solutions in the advanced nanotechnology sector comprise photovoltaics, touch panels and thermoelectrics.
According to Evatec both capital equipment businesses are well positioned in their respective markets by delivering complete thin film production solutions and services to their customers around the globe.
The acquisition brings an enhanced technology portfolio and opens up possibilities to exploit synergies in technology and process know how for access to new markets and overall business growth going forward.
