SÜSS MicroTec AG acquires Tamarack Scientific Co. Inc.

SÜSS MicroTec AG acquires Tamarack Scientific Co. Inc.

SÜSS MicroTec AG  / Key word(s): Acquisition

29.03.2012 23:11

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Garching, Germany, March 29, 2012 - The SÜSS MicroTec AG (ISIN:
DE000A1K0235) announces the acquisition of Tamarack Scientific Co. Inc.,
Corona, California, USA. Today both parties signed a corresponding purchase
agreement. The agreement stipulates the purchase of 100% of Tamarack's
shares for a total price of $ 9.34 million plus an additional variable
earn-out component which depends on the development of revenues for the
upcoming three financial years. Tamarack Scientific develops, manufactures
and distributes UV projection lithography systems as well as laser
micro-structuring tools for the Advanced Packaging, 3D Integration, MEMS
and LED markets. These systems are used in high volume industrial
manufacturing as well as research and development. In the current fiscal
year ending on April 30, 2012, Tamarack Scientific expects to generate
sales of approximately EUR 10 million. With the acquisition of Tamarack
Scientific, SUSS MicroTec is pursuing a consolidation strategy in the
semiconductor backend equipment industry by complementing its exposure
technology portfolio with projection lithography.


Contact:
SUSS MicroTec AG
Franka Schielke
Schleissheimer Strasse 90
85748 Garching, Deutschland
Tel.: +49 (0)89 32007-161
Fax: +49 (0)89 32007-451 
Email: franka.schielke@suss.com


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Language:     English
Company:      SÜSS MicroTec AG
              Schleissheimer Strasse 90
              85748 Garching
              Germany
Phone:        +49 (0)89 32007-161
Fax:          +49 (0)89 32007-451
E-mail:       ir@suss.com
Internet:     www.suss.com
ISIN:         DE000A1K0235
WKN:          A1K023
Indices:      TecDAX
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Düsseldorf, Hamburg, München, Stuttgart
 
End of Announcement                             DGAP News-Service
 
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