CAMTEK ANNOUNCES SIGNING OF AGREEMENT FOR THE ACQUISITION OF SELA
MIGDAL HAEMEK, Israel – September 24, 2009 – Camtek Ltd. (NASDAQ and TASE: CAMT), today announced the signing of an agreement to acquire the entire share capital of SELA- Semiconductor Engineering Laboratories Ltd. (“SELA”).
SELA is engaged in the development, manufacturing and marketing of automated SEM (Scanning Electron Microscope) and TEM
(Transmission Electron Microscope) sample preparation equipment, primarily for the semiconductor industry.
As consideration for the shares, Camtek will pay to SELA’s shareholders contingent future payments in the aggregate amount of
up to $9.5 million, based on SELA’s revenues.
SELA, with 26 employees and revenues of $3.8 million and $4.4 million in 2008 and 2007, respectively, has more than
275 systems installed worldwide. Many of these systems are located at world-leading semiconductor fabrication facilities.
This, combined with Camtek’s well-established infrastructure in manufacturing, sales, service, R&D and facilities, will allow
Camtek to increase its revenues, shorten the time-to-market of SELA’s unique products and further strengthen Camtek’s
presence in the semiconductor market.
SELA recently introduced the Xact, the first TEM sample preparation tool using Adaptive Ion Milling (AIM) technology. The AIM
technology brings numerous advantages to traditional FIB (Focused Ion Beam) technology by reducing the sample thickness
to below 30nm over a large area with high precision and throughput and with superior image quality. This complement of
attributes is essential to meet the growing market requirements for nano-scale material analysis, both in the semiconductor
segment and in the wider field of advanced material development, including delivery of significantly reduced turnaround times
and enhanced productivity. The continuous device shrinking trend and material complexity increases the TEM utilization and
consequently increases the served available market for SELA’s Xact sample preparation solutions.
The transaction is expected to be completed during the fourth quarter of 2009 and its completion is subject to the
fulfillment of certain closing conditions. There is no assurance that the transaction will be completed.
“This acquisition of SELA is directly aligned with our strategy of further enhancing Camtek’s position and presence in the
semiconductor market, enabling us to further expand our offering to this market”, commented Rafi Amit, Camtek’s CEO.
”We intend to leverage Camtek’s global infrastructure, sales and support teams, manufacturing and facilities, to service SELA
’s existing customer base, while targeting new customers”.
ABOUT CAMTEK LTD.
With headquarters in Migdal Ha’Emek Israel, Camtek Ltd., designs, develops, manufactures, and markets automatic optical
inspection systems and related products. Camtek’s automatic inspection systems are used to enhance both production processes and yield for manufacturers in the printed circuit board industry, the high density interconnect substrate industry and the semiconductor manufacturing and packaging industry.
This press release is available at www.camtek.co.il.
Contact Details
CAMTEK LTD.
Mira Rosenzweig, CFO
Tel: +972-4-604-8308
Fax: +972-4-604 8300
Mobile: +972-54-9050703
mirar@camtek.co.il
IR INTERNATIONAL
GK International IR
Ehud Helft / Kenny Green
Tel: (US) 1 646 201 9246
This press release may contain projections or other forward-looking [state]ments regarding future events or the future
performance of the Company. These [state]ments are only predictions and may change as time passes. We do not assume any
obligation to update that information. Actual events or results may differ materially from those projected, including as a
result of changing industry and market trends, reduced demand for our products, the timely development of our new products
and their adoption by the market, increased competition in the industry, price reductions as well as due to risks identified
in the documents filed by the Company with the SEC.