Applied Materials acquires Metron Technology

Published: 6-Oct-2004


Metron Technology N.V. has entered into a definitive agreement pursuant to which Applied Materials Inc. would acquire the worldwide operating subsidiaries and business of Metron.

Under the terms of the agreement, Applied Materials would pay €68,774,642 to Metron for all outstanding shares of its worldwide operating subsidiaries and substantially all of the other assets of Metron. The acquisition, which is subject to regulatory and shareholder approval and other conditions, is expected to close in Metron's second fiscal quarter, ending November 30. "We believe that by aligning forces with Applied Materials, we would significantly improve Metron's ability to provide worldwide customers in the semiconductor industry with outsource solutions," stated Ed Segal, chairman and chief executive officer of Metron. The Metron business would be an integral part of Applied Global Services and become a wholly-owned subsidiary of Applied Materials, allowing the company to continue to develop and market outsource alternatives to provide the semiconductor industry with cost-effective solutions for the non-core areas of the fab.

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