News Article
SPP Process Technology Systems (SPTS) Acquires Assets From Tegal Corporation
Acquisition Strengthens SPTS Development and Support Capabilities
SPP Process Technology Systems (SPTS),has announced the completion of the acquisition of the Deep Reactive Ion Etch (DRIE) and certain related assets from Tegal Corporation. In addition, the deal includes the transfer to SPTS of the capital stock and operations of Tegal France SAS, a wholly-owned Tegal subsidiary formed by Tegal's acquisition of Alcatel Micro Machining Systems' DRIE assets in September 2008.
SPTS' acquisition will include the Tegal DRIE product line (including 200(TM), 110(TM), 3200(TM) and 4200(TM) series), along with the Compact(TM) and Pluto development assets, intellectual property and process know-how. SPTS will provide continued global support to existing Tegal DRIE customers, and will integrate these technologies into its SPTS' broad range of product offerings in etch, deposition and thermal technologies which it offers to served markets worldwide.
"We are delighted to add these world class DRIE offerings to the SPTS product line, broadening the technology solutions available to our customers worldwide", said William Johnson, president and CEO of SPTS. "We look forward to enhancing the support for Tegal's global customer base through our extensive service and support system, and to continue the leading-edge development activities of the team in Annecy, France."
"The sale of the Tegal DRIE assets to SPTS secures our technology, team members, active joint development projects in France, and ensures continuation of our commitments to customers globally," said Thomas Mika, president and CEO, Tegal Corporation. "This event represents another major step in Tegal's transformation from semiconductor capital equipment supplier to its new role in providing green energy." Tegal recently announced participation in the formation of sequel Power, a company engaged in large scale photovoltaic (PV)-based solar utilities.
