REHOVOT, Israel, Jan. 25, 2022 /PRNewswire/ -- Nova (Nasdaq: NVMI)
announced today that it completed the acquisition of
ancosys GmbH, a privately held company headquartered in
Germany. The transaction is
valued at approximately $90 million,
which is paid in cash, and includes a performance-based earnout of
approximately $10 million. The
Company expects the acquisition to be accretive on a non-GAAP basis
within 12 months from closing.
ancosys is a leading provider of chemical analysis and metrology
solutions for advanced semiconductor manufacturing. ancosys'
automated analytical systems combine flexible architecture with
industrial-grade capabilities and support front-end, back-end, and
advanced packaging semiconductor manufacturing.
"We are very excited to have closed this strategic transaction
that expands our available markets and allows us to offer advanced
solutions to additional processes in semiconductor manufacturing,"
said Eitan Oppenhaim, President and Chief Executive Officer of
Nova. "ancosys' complementary portfolio supports our strategic goal
to deliver the most differentiated product offering, which is
composed now of dimensional, materials and chemical metrology
solutions. With this expanded product and technology offering,
supported by the synergy in our markets, Nova is well-positioned to
offer a comprehensive metrology portfolio for front-end,
back-end, and advanced packaging customers."
About Nova:
Nova is a leading innovator and key provider of metrology
solutions for advanced process control used in semiconductor
manufacturing. Nova delivers continuous innovation by providing
state-of-the-art, high-performance metrology solutions for
effective process control throughout the semiconductor fabrication
lifecycle. Nova's product portfolio, which combines high-precision
hardware and cutting-edge software, provides its customers with
deep insight into the development and production of the most
advanced semiconductor devices. Nova's unique capability to deliver
innovative X-ray and optical solutions enables its customers to
improve performance, enhance product yields and accelerate time to
market. Nova acts as a partner to semiconductor manufacturers from
its offices around the world. Additional information may be found
at Nova Website Link - https://www.novami.com/
Nova is traded on Nasdaq & TASE, Nasdaq ticker symbol
NVMI.
Forward looking statement:
This press release contains forward-looking statements
within the meaning of safe harbor provisions of the Private
Securities Litigation Reform Act of 1995 relating to future events
or our future performance, such as statements regarding, but not
limited to, anticipated benefits and growth opportunities relating
to the acquisition, projections about our business and its future
revenues, expenses and profitability. Forward-looking statements
are based on management's current expectations and involve known
and unknown risks, uncertainties and other factors that may cause
our actual results, levels of activity, performance or achievements
to be materially different from any future results, levels of
activity, performance or achievements expressed or implied in those
forward-looking statements. These risks and other factors include
but are not limited to: the ability to recognize benefits of the
acquisition; risks that the acquisition disrupts current plans
and operations; and impact of the acquisition on relationships
with customers, distributors and suppliers. Factors that may affect
our results, performance, circumstances or achievements include,
but are not limited to, the following: catastrophic events
such as the outbreak of COVID-19; increased information technology
security threats and sophisticated computer crime; foreign
political and economic risks; changes in U.S. trade policies;
inability to protect intellectual property; open source technology
exposure; failure to compete effectively or to respond to the rapid
technological changes; consolidation in our industry; difficulty in
predicting the length and strength of any downturn or expansion
period of the market we target; factors that adversely affect the
pricing and demand for our product lines; dependency on a small
number of large customers; dependency on a single manufacturing
facility per product line; dependency on a limited number of
suppliers; lengthy sales cycle and customer delays in orders;
political, economic, and military instability in Israel; risks related to our convertible
notes; currency fluctuations; and quarterly fluctuations in our
operating results. We cannot guarantee future results, levels of
activity, performance or achievements. The matters discussed in
this press release also involve risks and uncertainties summarized
under the heading "Risk Factors" in Nova's Annual Report on Form
20-F for the year ended December 31,
2020 filed with the Securities and Exchange Commission on
March 1, 2021. These factors are
updated from time to time through the filing of reports and
registration statements with the Securities and Exchange
Commission. Nova Ltd. does not assume any obligation to update the
forward-looking information contained in this press
release.
Company Contact:
Dror
David, Chief Financial Officer
Tel: +972-73-229-5760
E-mail: investors@novami.com
Nova Website Link - https://www.novami.com/
Investor Relations Contact:
Miri Segal
MS-IR LLC
Tel: +917-607-8654
E-mail: msegal@ms-ir.com
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SOURCE Nova Measuring Instruments Ltd.
