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Nova Acquires ancosys to Expand into Advanced Chemical Metrology

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Nova (Nasdaq: NVMI), a provider of metrology solutions for advanced process control used in semiconductor manufacturing, enters into a definitive agreement to acquire ancosys GmbH, a Pliezhausen Germany-based privately held company. The deal is in an all-cash transaction valued at approximately $100 million, including a performance based earnout of $10 million.

 

The acquisition is subject to customary closing and regulatory conditions and approvals. The deal is expected to close within the first quarter of 2022. Nova expects the acquisition to be accretive on a non-GAAP basis within 12 months of closing.

 

A chemical analysis and metrology solutions provider for advanced semiconductor manufacturing, ancosys’ automated analytical systems combine flexible architecture with industry-grade capabilities. It supports both frontend and backend semiconductor manufacturing.

 

The ancosys’s acquisition will empower Nova’s advanced portfolio with its differentiated chemical analysis technology to deliver cutting edge solutions for advanced semiconductor process control. The deal will also expand Nova’s total available market beyond frontend semiconductor manufacturing into the back-end and advanced packaging markets.

 

“We are very excited with this strategic acquisition that extends our reach to adjacent markets and  expands our total addressable market,” commented Eitan Oppenhaim, President and CEO of Nova. “Acquiring ancosys will support our long-term strategy to broaden our portfolio of key technologies to better serve a wider range of process control applications in different semiconductor markets. With ancosys solutions, Nova can offer its customers an advanced portfolio of dimensional, materials and chemical metrology solutions for better process insight.”

 

“Nova is the right partner to support ancosys’ accelerated growth,” stated Jürg Stahl, ancosys’s President and Chief Executive Officer. “The strength of our complementary portfolio will broaden Nova’s available markets and strengthen our position as leader in advanced chemical metrology. We are excited and looking forward to joining Nova’s team.”

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