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Veeco Instruments completed its acquisition of Ultratech, Inc. for approximately $862.3 million, consisting of cash and stock. The deal creates a leading equipment supplier to the advanced packaging industry.
Ultratech has received a multiple system follow-on order for its LSA101 dual-beam laser spike anneal systems from a major customer in Asia, to be used for expansion of 10-nm FinFET production. The first system will ship in Q2 2017 and the second in Q3 2017.
Veeco Instruments signed a definitive agreement to acquire Ultratech, a supplier of lithography and inspection systems, for approximately $815 million. The transaction was announced on February 2, 2017.