# Ultra Clean Holdings acquires HIS Innovations Group for up to $120M

Ultra Clean Holdings (UCT) closed the acquisition of HIS Innovations Group, a semiconductor sub-fab supplier, for $50 million upfront plus up to $70 million in earn-outs.

- Type: Acquisition
- Announced: 2023-10-25
- Value: $50.0M
- Status: completed
- Products: semiconductor sub-fab components, process solutions, integrated sub-systems
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Ultra Clean Holdings](https://endata.com/companies/51949.md) (acquirer)
- [HIS Innovations Group](https://endata.com/companies/73259.md) (target)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/uct-acquires-his-innovations-group-301967801.html), 2023-10-25: "This acquisition aligns with UCT's long-term strategy to pursue sustained and profitable growth by offering a more diversified portfolio of high-quality, high-value solutions to our customers."
- [davispolk.com](https://www.davispolk.com/experience/uct-acquisition-his-innovations-group), 2023-10-27: "Davis Polk advised Ultra Clean Holdings, Inc. (UCT) on its acquisition of HIS Innovations Group."

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