Nanometrics and August Technology to merge
Staff -- Test & Measurement World, 2/1/2005
Nanometrics and August Technology have announced plans to create a merged company that will produce inspection, measurement, and analysis systems for the semiconductor, flat-panel-display, and related microelectronic industries. The new company will be named August Nanometrics and will offer complementary product lines of yield-maximizing metrology and defect inspection.
John Heaton, currently the CEO of Nanometrics, will be the CEO of the combined company. Stan Piekos, currently the CFO of August Technology, will be the CFO of the new company.
"This merger makes great business sense," said Heaton. "We join two strong product lines with little overlap, and bring to market a better fab-wide solution with advanced macro inspection, critical dimension (CD), and film thickness metrology aimed at the most challenging wafer processing areas such as lithography. By combining R&D, service and other resources, we believe we can deliver excellent quality products to our customers."
The companies expect to close the transaction during the second quarter of 2005. www.nanometrics.com.
