30 March 2012

SÜSS MicroTec acquires Tamarack Scientific

SÜSS MicroTec AG of Garching, near Munich, Germany, a supplier of equipment and process solutions for microstructuring in the semiconductor and related markets, has acquired Tamarack Scientific Co Inc of Corona, CA, USA.

The deal involves the purchase of 100% of Tamarack’s shares for a total price of $ 9.34m, plus an additional variable earn-out component which depends on the development of revenues for the upcoming three financial years.

Tamarack develops and manufactures UV projection lithography systems, as well as laser micro-structuring tools for the advanced packaging, 3D integration, MEMS and LED markets. The systems are used in high volume industrial manufacturing as well as in R&D. With the acquisition of Tamarack, SÜSS MicroTec says it is pursuing a consolidation strategy in the semiconductor backend equipment industry by complementing its exposure technology portfolio with projection lithography.

“With this acquisition, we enlarge our company’s lithography segment by adding a new product line and core technology, both of which are highly complementary to our existing exposure capability.” says Frank P. Averdung, president and CEO of SÜSS MicroTec AG. “SÜSS MicroTec thereby becomes the leading backend lithography equipment and solution provider by offering the most comprehensive set of products and technologies to the market. This enables us to uniquely satisfy a range of customer’s needs and allows us to offer a broad product range to meet the different price and performance points required by the industry.”

“We are pleased to become a part of SÜSS MicroTec, a company with a strong market position in semiconductor backend lithography, a global sales and service infrastructure as well as a solid financial position. Together with SÜSS MicroTec, we can now expand our lithography and laser processing systems business faster and more successfully in our target markets.” says Courtney Sheets, chairman and CEO of Tamarack Scientific.

Tags: SÜSS MicroTec

Visit: www.tamsci.com

Visit: www.suss.com

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