Camtek Announces Closing of the Sale of its PCB Business
MIGDAL HAEMEK, Israel – October 2, 2017 – Camtek Ltd. (NASDAQ: CAMT and TASE: CAMT), today announced that further to its announcement on July 19, 2017, it has completed the sale of its PCB business to an affiliate of Principle Capital, a Shanghai-based private-equity fund. Upon closing, $32 million in cash was received. A further amount of up to $3 million is conditioned upon the PCB business’ financial performance in 2018.
ABOUT CAMTEK LTD.
Camtek is a leading manufacturer of metrology and inspection equipment and a provider of software solutions serving the Advanced Packaging, Memory, CMOS Image Sensors, MEMS, RF and other segments in the Mid End of the Semiconductors industry. Camtek provides dedicated solutions and crucial yield-enhancement data, enabling manufacturers to improve yield and drive down their production costs. With eight offices around the world, Camtek has best in class sales and customer support organization, providing tailor-made solutions in line with customer requirements.
Ramat Gavriel Ind. Zone
P.O.Box 544 Migdal Ha'emek 23150
Hong KongAsia Headquarter
Camtek Hong Kong
Unit 2107, 21/F, Greenfield Tower, Concordia Plaza,
No 1 Science Museum Road, Tsim Sha Tsui East,
Kowloon, Hong Kong.