# Seagate to acquire Intevac for $119 million

Seagate Technology agreed to acquire Intevac, a supplier of thin-film processing systems, in an all-cash transaction valued at approximately $119 million including dividends. Intevac stockholders will receive $4.00 per share plus a special dividend.

- Type: Acquisition
- Announced: 2025-02-13
- Where: United States
- Value: $119.0M
- Status: announced
- Products: thin-film processing systems, data storage
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Seagate Technology](https://endata.com/companies/20723.md) (acquirer)
- [Intevac](https://endata.com/companies/44486.md) (target)

## Sources

- [index.businessinsurance.com](https://index.businessinsurance.com/observerreporter/article/bizwire-2025-2-13-seagate-announces-agreement-to-acquire-intevac), 2025-02-13: "Acquisition Delivers Compelling and Certain Cash Value"

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