Deposition equipment maker Aixtron SE of Herzogenrath, near Aachen, Germany is to sell the atomic layer deposition (ALD) and chemical vapor deposition (CVD) memory product line – based at its US subsidiary Aixtron Inc in Sunnyvale, CA, USA – to Eugene Technology Inc, a US subsidiary of South Korea-based Eugene Technology Co Ltd that makes single-wafer ALD, CVD and plasma deposition and surface treatment systems.
Aixtron Inc will continue to provide sales and support for its continued businesses, and to pursue its thin-film encapsulation (TFE) activities.
The agreed purchase price of $45-55m will be paid in cash at closing. The purchase price includes inventory and other pre-paid assets. Due to ongoing business, their value will be determined at the time of closing.
The transaction is subject to regulatory approvals, including the Committee of Foreign Investments in the United States (CFIUS), and is expected to close in second-half 2017.
Aixtron expects that the transaction will not affect its full-year 2017 guidance for both order intake and revenue of €180-210m (including core business and ALD/CVD business up to the date of sale).