Semiconductor process and equipment solutions major, SÜSS MicroTec has acquired Tamarack Scientific Co. based out of CA, USA. The companies have inked a purchase contract, under the terms of which SÜSS MicroTec will acquire 100% shares of Tamarack for a total amount of $9.34 million. The price also includes a variable earn-out ingredient, which will rely on the revenues generated in the next three financial years.
Tamarack is a producer and distributor of laser micro-structuring tools and UV projection lithography systems used in the 3D Integration, Advanced Packaging, MEMS and LED sectors. These lithography systems are also used in R&D and large-scale industrial production. This acquisition is a strategic step to reposition SÜSS MicroTec in the market so as to enable the company to respond in a better and rapid manner to customer demands. The company is aiming at complementing projection lithography with its exposure technology and thus is engaging in a consolidation strategy in the semiconductor equipment sector.
CEO and President of SÜSS MicroTec, Frank P. Averdung said that the company is adding to its core technology and seeking to expand its lithography segment with this acquisition. He hoped that this will make the company a leader in backend lithography equipment and will also enable a new level of satisfaction among its customers. Tamarack Scientific’s CEO and Chairman, Courtney Sheets expressed delight in joining hands with SÜSS MicroTec to expand its laser processing and lithography systems.