Portland, OR - Electro Scientific Industries Inc., a supplier of laser-based manufacturing solutions for smart consumer electronics and other microtechnology industries, has signed a definitive agreement to acquire the Semiconductor Systems business of GSI Group Inc., a supplier of precision photonics, laser-based solutions, and precision motion devices to the medical, industrial, scientific, and electronics markets.
Based in Bedford, MA, the Semiconductor Systems business provides products in laser marking and trimming of semiconductor wafers and hybrid circuits. The parties expect the transaction to close within 30 days.
The acquisition brings together two of the leading providers of laser manufacturing systems serving the semiconductor industry. With decades of experience, both ESI and Semiconductor Systems are technological leaders in laser-based wafer processing. The Semiconductor Systems' wafer marking products are positioned to capitalize on the industry-wide transition to 450mm wafer diameters and are complementary to ESI’s commitment to enabling 3D semiconductor packaging.
This acquisition will add approximately $20-30 million of annual revenue to ESI. It is expected to add $0.05 to $0.10 to non-GAAP earnings per share in the first year.