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ASM Pacific Technology Ltd. (ASMPT) completed its acquisition of TEL NEXX, Inc from Tokyo Electron Limited on 1 October 2018. TEL NEXX will be subsumed under the Back-End Equipment segment of ASMPT.
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.