MKS Instruments (Andover, MA), which provides a portfolio of technologies that enable advanced processes and improve productivity, and Atotech (Berlin, Germany), which specializes in process chemicals technology and advanced electroplating solutions, have entered into a definitive agreement in which MKS will acquire Atotech. The equity value of the transaction is $5.1 billion and the enterprise value of the transaction is approximately $6.5 billion.
According to John T.C. Lee, MKS president and CEO, MKS and Atotech will be positioned to drive faster, better solutions and innovations for customers in advanced electronics. Their collective capabilities in lasers, optics, motion, and process chemistry will optimize the PCB Interconnect, a significant enabling point of next-generation advanced electronics that represents the next frontier for miniaturization and complexity, Lee adds.
MKS and Atotech have complementary solutions in key advanced electronics markets, with MKS’ expertise in via drilling and Atotech in electroplating. Printed circuit boards (PCBs) are becoming increasingly complex as miniaturization is creating new challenges where reliability, productivity, and peak performance are critical. The roadmap for next-generation interconnects continues to accelerate the need for more integrated solutions that enable yield and throughput gains.
The transaction has been unanimously approved by the MKS and Atotech boards of directors, and is subject to approvals and other customary closing conditions. It is expected to close by the fourth quarter of 2021.