ASM Pacific Technology to acquire TEL NEXX from Tokyo Electron

ASM Pacific Technology Ltd. signed a definitive agreement with Tokyo Electron Limited to acquire TEL NEXX, Inc., an industry leader in Electrochemical Deposition and Physical Vapor Deposition technologies for the advanced packaging market. The deal is expected to close upon regulatory approvals.

“ASM Pacific Technology Ltd. (ASMPT) has announced today that it has signed a definitive agreement with Tokyo Electron Limited (TEL) to acquire TEL NEXX, Inc. (NEXX).”asmpt.com

• 2 sources
• asmpt.comASM Pacific Technology Expands Its Product Portfolio In Advanced Packaging With New Acquisition | ASMPT CorporateApr 2, 2018
• asmpt.comASM Pacific Technology Expands Its Product Portfolio In Advanced Packaging With New Acquisition | ASMPT CorporateApr 2, 2018

Summarized from public sources; check the original articles before acting on it.