Bruker Semiconductor Division to Add Strategic Business and
Synergistic Products in X-Ray Metrology
BILLERICA, Mass.--(BUSINESS WIRE)--
Bruker Corporation today announced the signing of an agreement to
acquire the shares of Jordan Valley Semiconductors Ltd. The acquisition
uniquely positions Bruker to offer unmatched solutions for advanced
problems in nanotechnology research and semiconductor metrology. With
trends toward increased connectivity and access to even larger amounts
of data, new nanometrology needs are driving growth opportunities at
advanced semiconductor nodes with even smaller features and three
dimensional structures.
Jordan Valley’s innovative in-line X-ray metrology products complement
Bruker’s leading position in analytical X-ray technologies. The
combination and synergy between the X-ray metrology solutions of Jordan
Valley and Bruker’s advanced X-ray technologies and automated Atomic
Force Microscopy (AFM) systems is expected to position Bruker’s
Semiconductor Division to be a leading-edge metrology system provider
for semiconductor applications at advanced nodes.
Jordan Valley Semiconductors, located in Migdal Ha`Emek, Israel, has
been at the forefront of X-ray metrology and defect-detection technology
for the semiconductor industry for 30 years. Seventy-five percent of the
world’s top 25 semiconductor manufacturers rely on Jordan Valley
metrology tools for front-end and back-end applications, including the
development of next-generation thin films. Jordan Valley's tools are
fully automated, non-contact and non-destructive tools designed for
production control on patterned or blanket wafers.
“The rapid growth of mobile technology, cloud computing and big data
processing generates new requirements and opportunities for faster and
more precise metrology of smaller feature sizes and 3D structures at
advanced semiconductor nodes,” said Mark R. Munch, Ph.D., President of
the NANO Group, which includes Bruker’s Semiconductor Division. “Jordan
Valley has been a true pioneer in offering advanced and unique X-ray
metrology solutions as feature sizes continue to shrink. The combination
of Jordan Valley’s core metrology strengths with Bruker’s complementary
X-ray technologies will enable us to stay ahead of this rapid
development and continue to support the semiconductor industry with
unmatched next-generation X-ray solutions.”
“For the past several decades, Jordan Valley has been committed to
providing the best non-destructive X-ray metrology products, with the
most responsive service and support to semiconductor manufacturers,”
added Isaac Mazor, Founder and CEO of Jordan Valley Semiconductors. “We
are extremely pleased to join Bruker and look forward to the enhanced
product innovation and global market reach that we will enjoy within the
Bruker Semiconductor Division.”
Financial details of the transaction were not disclosed. The transaction
is expected to close in the fourth quarter of 2015, and 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.
Forward-Looking Statements
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 (JVS) offers the semiconductor industry a
comprehensive portfolio of advanced metrology and defect inspection
tools, based on X-ray technologies, such as XRR (X-ray reflectometry),
XRF (X-ray fluorescence), XRD (X-ray diffraction), and others. Jordan
Valley's investors include Clal Industries and Investments Ltd.
(TASE:CII), Intel Capital (INTC) and Elron Electronics Industries Ltd.
(ELRN.TA). 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 JVS, 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. For
more information, please visit www.bruker.com.
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Source: Bruker Corporation