MKS Instruments Announces Agreement to Acquire Newport Corporation
- Acquiring an Industry-Leading Technology Company that Serves Common Markets with Complementary Customer Solutions
- Expands MKS’ Addressable Market by $4.8 Billion
- Strengthens Presence in Key Strategic Markets – Semiconductor, Industrial, Research and Life Sciences
- Expected to Realize $35 Million in Annualized Cost Synergies Within 18-36 Months
- Expected to be Accretive to MKS’ Non-GAAP Earnings and Free Cash Flow in the First 12 Months Following the Closing
ANDOVER, Mass., Feb. 23, 2016 -- MKS Instruments, Inc. (MKSI), a global provider of technologies that enable advanced processes and improve productivity, and Newport Corporation (NEWP), a worldwide leader in photonics solutions, today announced that they have entered into an agreement for MKS Instruments to acquire Newport Corporation for $23.00 per share. The all-cash transaction is valued at approximately $980 million.
- Published: 23 February 2016
- Written by Editor