Camtek Announces the Closing of its Acquisition of FRT Metrology
MIGDAL HAEMEK, Israel – November 1, 2023 – Camtek Ltd. (NASDAQ: CAMT; TASE: CAMT), a leading manufacturer of metrology and inspection equipment, is pleased to announce today the closing of its acquisition of FRT Metrology (“FRT”) business for $100 million in cash, subject to customary purchase price adjustments, from FormFactor (Nasdaq: FORM) which was initially announced September 18, 2023.
Rafi Amit, CEO of Camtek commented, “We are very excited to have closed this strategic transaction that expands our available markets and allows us to offer advanced solutions to additional process steps in semiconductor manufacturing. FRT’s portfolio supports our strategic goal to deliver comprehensive metrology solutions. With this expanded product and technology offering, supported by the synergy in our markets, Camtek is well-positioned for continued growth in its strategic market segments.”
ABOUT CAMTEK LTD.
Camtek is a developer and manufacturer of high-end inspection and metrology equipment for the semiconductor industry. Camtek’s systems inspect IC and measure IC features on wafers throughout the production process of semiconductor devices, covering the front and mid-end and up to the beginning of assembly (Post Dicing). Camtek’s systems inspect and measure wafers for the most demanding semiconductor market segments, including Advanced Interconnect Packaging, Heterogenous Integration, Memory and HBM, CMOS Image Sensors, Compound Semiconductors, MEMS, and RF, serving numerous industry’s leading global IDMs, OSATs, and foundries.
With manufacturing facilities in Israel and Germany, and eight offices around the world, Camtek provides state-of-the-art solutions in line with customers’ requirements.