RealTime IT News

Applied Materials Takes on Metron

Applied Materials said it filled a major gap in its services portfolio with its acquisition of Metron Technology .

The semiconductor equipment manufacturer said it acquired all of Metron's assets, including several fabrication sites on three continents, 30 offices, and its subsidiaries, in the $85 million deal.

Shareholders of both companies and federal regulators still need to approve the plan. If the deal flies, Applied Materials said the transaction should finalize in its fourth fiscal quarter.

"This acquisition represents an important milestone in an ongoing series of strategic moves to service a larger market and expand our support capabilities beyond Applied Materials' tools," Applied President and CEO Mike Splinter said in a statement.

This deal is just the latest in a string of acquisitions Applied has made. The company recently purchased Brooks Automation, Praxair Electronics and Phoenix Silicon International.

Applied Materials, which serves up products to support chip manufacturers around the world, such as Intel and IBM, said the Metron businesses will get absorbed into Applied's current Global Services. Applied said it will also use the outsourcer's portfolio to develop and market products for its growing fab services program, including support of non-Applied Materials systems.

The acquisition is also a boon to Metron, which recently posted a quarterly financial loss and completed a corporate restructuring earlier this year.

"By combining the complementary service offerings of Applied Materials and Metron, we believe we can enhance our value to customers and continue to develop the products and services that enable their success," Metron chairman and CEO Ed Segal said.

Working in places like the United States, Europe, Israel and Asia, Metron outsource solutions to fabs worldwide include supply of parts and materials, equipment maintenance, kitting and cleaning of process parts, refurbishment of legacy equipment, and distribution of specialty products.