ots Ad hoc-Service: Süss Micro Tec AG <DE0007226706>
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Garching/Munich(ots Ad hoc-Service) - Süss MicroTec AG has acquired Image Technology Inc., Palo Alto, California, a supplier of precision photomasks for optical lithography. Photomasks are high precision glass plates containing microscopic images of electronic circuits and are used as masters by semiconductor manufacturers to optically transfer these images onto silicon wafers. Photomasks are a key enabling technology in any semiconductor production. Image Technology, Inc. specializes in large area precision photomasks for advanced packaging, Micro Electro Mechanical Systems (MEMS) and opto-electronic applications taking advantage of full field lithography used in Mask Aligners, the main product of Süss MicroTec.
Image Technology, Inc. was founded in 1963 and achieved in fiscal year 2000 (ending September 30th, 2000) total sales of 4.24 Million US$ and a double digit pre tax profit margin.
The acquisition will be financed by using 343,256 shares out of the authorized capital of Süss MicroTec AG. Both parties have agreed on a lock up period of six (6) months for 50% of the shares and one (1) year for the remaining 50% of shares.
Süss MicroTec AG Barbara v. Jan Investor Relations
Tel.: +49 (0)89/320 07-314 e-mail: b.jan@suss.de Info: http://www.suss.de
WKN: 722670; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart
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Original-Content von: SÜSS MicroTec AG, übermittelt durch news aktuell