Acquisition Strengthens Bruker’s Product Line for Advanced Node Metrology
BILLERICA, Massachusetts, November 2, 2015 -- Bruker Corporation today announced the closing of its acquisition of Jordan Valley Semiconductors Ltd., a major provider of X-ray metrology and defect-detection equipment for semiconductor process control. The addition of Jordan Valley’s innovative in-line X-ray metrology to Bruker’s existing X-ray metrology technologies will position the Bruker Semiconductor Division as the leading X-ray metrology system provider for semiconductor applications at advanced nodes.
“The more demanding nano-metrology requirements of ever smaller features and three-dimensional structures are being driven by increasing demand in data processing, cloud computing and mobile technologies,” said David V. Rossi, President of the Bruker Semiconductor Division. “The combination of Jordan Valley’s core metrology strengths with Bruker’s complementary X-ray technologies gives us a greater range of capabilities to best support the rapid development and production challenges facing our customers. We are committed to continuing the Jordan Valley history of success with superior X-ray solutions for advanced semiconductor metrology.”
“For the past twenty years, Jordan Valley has provided leading non-destructive X-ray metrology products and services to the world’s top semiconductor manufacturers,” added Isaac Mazor, Founder and CEO of Jordan Valley Semiconductors, and now Vice President and General Manager of Bruker’s X-ray Semiconductor business. “We are excited by the access to Bruker’s increased global market reach and resources, and we look forward to delivering innovative metrology systems that will enable semiconductor manufacturers to meet the industry’s technology roadmap.”
Financial details of the transaction were not disclosed. The acquired business is expected to add approximately $25-$30 million to Bruker’s 2016 revenue, and approximately one to two cents to Bruker’s 2016 EPS.
This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “anticipate,” “believe,” “expect,” “will,” “may,” “estimate,” “plan,” “outlook,” and “project” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. Such forward-looking statements reflect the views of management at the time such statements are made and are subject to a number of risks, uncertainties, estimates, and assumptions that may cause actual results to differ materially from current expectations. Although we believe the assumptions upon which these forward-looking statements are based are reasonable, any of these assumptions could prove to be inaccurate and the forward-looking statements based on these assumptions could be incorrect. Our actual future performance may differ materially from such expectations as a result of important risk factors, which include, in addition to those identified in the our Annual Report on Form 10-K for the year ended December 31, 2014 and our other subsequent filings with the Securities and Exchange Commission, risks and uncertainties associated with our ability to finalize and close, and then manage and integrate the acquisition of Jordan Valley Semiconductors. These risks and uncertainties could cause actual results to differ materially from those stated or implied in these forward-looking statements. We expressly disclaim any obligation to update or revise these forward-looking statements, except as required by law or regulation.
About Jordan Valley Semiconductors Ltd
Jordan Valley Semiconductors has built a strong reputation around its comprehensive portfolio of advanced metrology and defect inspection tools, based on X-ray technologies, such as XRR (X-ray reflectometry), XRF (X-ray fluorescence), and XRD (X-ray diffraction). Jordan Valley's fully automated, non-contact and non-destructive tools are designed for front-end and back-end applications on patterned or blanket wafers. With headquarters in Migdal Ha`Emek, Israel, the company has subsidiaries in Durham, UK; Austin, TX (USA); Hsin-Chu, Taiwan; Suwon, Korea; and other offices and sales representatives worldwide. For more information about Jordan Valley Semiconductors, please visit www.jvsemi.com.
About Bruker Corporation (NASDAQ: BRKR)
For more than 50 years, Bruker has enabled scientists to make breakthrough discoveries and develop new applications that improve the quality of human life. Bruker’s high-performance scientific research instruments and high-value analytical solutions enable scientists to explore life and materials at molecular, cellular and microscopic levels.
In close cooperation with our customers, Bruker is enabling innovation, productivity and customer success in life science molecular research, in applied and pharma applications, in microscopy, nano-analysis and industrial applications, as well as in cell biology, preclinical imaging, clinical research, microbiology and molecular diagnostics.
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