# KLA-Tencor to acquire Orbotech for $3.4 billion

KLA-Tencor Corporation has agreed to acquire Orbotech Ltd. for approximately $3.4 billion in equity value, with a total consideration of about $69.02 per share, in a cash and stock deal.

- Type: Acquisition
- Announced: 2018-03-19
- Where: Yavne, Israel, United States
- Value: $3.40B
- Status: announced
- Products: process control and yield management solutions, equipment for printed circuit boards, flat panel displays, advanced packaging
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Orbotech](https://endata.com/companies/16863.md) (target)
- [KLA-Tencor](https://endata.com/companies/18401.md) (acquirer)

## Sources

- [ir.kla.com](https://ir.kla.com/news-events/press-releases/detail/83/kla-tencor-announces-agreement-to-acquire-orbotech-ltd), 2018-03-19: "This acquisition is consistent with our strategy to pursue sustained, profitable growth by expanding into adjacent markets."
- [calcalistech.com](https://www.calcalistech.com/ctech/articles/0,7340,L-3734431,00.html), 2018-03-19: "This deal will open new market opportunities for KLA-Tencor."
- [prnewswire.com](https://www.prnewswire.com/news-releases/kla-tencor-announces-agreement-to-acquire-orbotech-ltd-300615762.html), 2018-03-19: "This acquisition is consistent with our strategy to pursue sustained, profitable growth by expanding into adjacent markets."
- [haaretz.com](https://www.haaretz.com/israel-news/business/2018-03-19/ty-article/israels-orbotech-to-be-sold-to-kla-tencor-in-3-4-billion-deal/0000017f-e53d-df5f-a17f-ffff8fa00000), 2018-03-19: "Orbotech, a maker of semiconductor-manufacturing equipment and one of Israel’s biggest high-tech companies, is being sold to the American firm KLA-Tencor in a $3.4 billion deal."
- [eetimes.com](https://www.eetimes.com/kla-tencor-buys-israel-based-orbotech-for-3-4-billion/), 2018-03-20: "Chip equipment vendor KLA-Tencor is set to acquire Israel-based Orbotech for $3.4 billion in a move that the firm says will help diversify its revenue base."
- [calcalistech.com](https://www.calcalistech.com/ctech/articles/0,7340,L-3734498,00.html), 2018-03-20: "On Monday, KLA-Tencor agreed to buy Israel-based electronic parts manufacturer Orbotech according to a company value of $3.4 billion"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.