Riber acquires US service and equipment company
Riber, a global specialist for molecular beam epitaxy, has announed its acquisition of MBE Control Solutions based in Santa Barbara, USA.
Founded in 2005, MBE Control Solutions is one of California's leading MBE service and equipment firms. With its software and automation expertise, MBE Control Solutions has developed a strong reputation for maintenance and refurbishment services covering all types of MBE systems.
The company has sophisticated infrastructures (clean room, CNC power tools, etc.) to ensure its quality of service and responsiveness.
MBE Control Solutions generated $1.2 million of revenues in 2014 and employs five people. With its recurring revenues and streamlined cost structure, the acquisition of MBE Control Solutions will be accretive for Riber.
The acquisition of MBE Control Solutions will be financed by using virtually all the treasury shares held by Riber, which were assigned to the external growth objective (representing nearly 1 percent of Riber's capital).
MBE Founder Andy Jackson will head the operations of the company in the US.
Chairman and CEO of MBE Control Solutions, explains: "By combining Riber's extensive portfolio of sources and systems with our advanced manufacturing capabilities and expertise in MBE process control, we will be able to serve our customers more effectively. Furthermore, Riber's global commercial network will provide a much broader audience for our products. Finally and perhaps most importantly, our alliance with Riber is the opportunity to continue innovating and improving our products and services."
As Frédérick Goutard, chairman of the executive board, concludes: "Our acquisition of MBE Control Solutions will enable us to ramp up our development on a vital market for semiconductor research and innovation. The operational and commercial synergies between our two companies will pave the way for us to significantly strengthen the quality of our services and our growth forecasts in North America. With this in mind, I am delighted that Andy Jackson and his team are joining Riber. Their vast experience and knowledge of the market will be crucial assets as we continue moving forward with our project for profitable growth together".