SUSS MicroTec AG, which
is listed in the Prime Standard of Deutsche Börse AG, today announced the
conclusion of contract negotiations to acquire HamaTech APE GmbH & Co. KG,
a wholly owned subsidiary of Singulus Technologies AG.
Yesterday night, both parties signed a corresponding purchase agreement, subject
to the negotiated closing conditions. The agreement stipulates a purchase price
of EUR 4.5 million plus a further EUR 4.5 million for the acquisition of the land
and company building at the Sternenfels site. The closing date of the transaction
is set for January 2010.
Both contractual parties (buyer and seller) had already signed a comprehensive
term sheet for the acquisition of HamaTech APE on December 6, 2009.
The purchase price of EUR 4.5 million is comprised of a fixed and variable
portion. The fixed component amounts to EUR 3.5 million and will be paid in
cash. The variable earn-out component amounts to EUR 1.0 million and is linked
to the future sales performance of HamaTech APE in the year, 2010.
HamaTech APE has established itself in the semiconductor industry as a leading
global supplier of equipment for cleaning photo masks. It employs approximately
80 staff at its Sternenfels site and its international subsidiaries. In the
2009 fiscal year, the Company is expected to generate sales of EUR 11 million.
With the acquisition, the SUSS MicroTec Group is expanding its existing Coater/Developer
product portfolio. "HamaTech APE's 20 years of experience in developing
processes and equipment along with its highly innovative cleaning technology
ideally complement SUSS MicroTec's core competency of critical wet processing
in semiconductor production," Frank Averdung, Chief Executive Officer of
SUSS MicroTec AG, commented at the contract signing ceremony. "The modern
production site at Sternenfels is ideally suited for expansion into a group-wide
competence center for “wet processing”. We therefore intend to relocate
the Coater and Developer production set up in neighboring Vaihingen to the Sternenfels
plant," Frank Averdung continued.
"The high performance and efficiency of our systems have turned us into
the globally recognized market leader in our sector. We address the most demanding
requirements of 193i conventional lithography and, in addition, we are today
the only supplier of solutions for cleaning masks for EUV (extreme ultraviolet)
lithography," Wilma Koolen-Hermkens, Managing Director of HamaTech APE,
remarked. "We look forward to being able to offer our extensive expertise
to our customers as part of the SUSS MicroTec Group in the future."