Süss MicroTec AG / Disposal
28.01.2010
Dissemination of a Corporate News, transmitted by
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SUSS MicroTec AG sells Test Systems Division
Garching near Munich, Germany, January 28, 2010 - SUSS MicroTec AG
(business address: Schleissheimer Strasse 90, 85748 Garching, Germany;
ISIN: DE0007226706), which is listed in the Prime Standard of Deutsche
Börse AG, today announced the sale of its Test Systems Division, which is
located in Sacka near Dresden, Germany, plus other related assets. The
Company was sold to Cascade Microtech, Inc. (NASDAQ: CSCD), a worldwide
leader in the precise electrical measurement and test of integrated
circuits.
The purchase price for the SUSS MicroTec Test Systems GmbH, which is
subject to a post-closing purchase price adjustment, is cash and debt free
and consists of a fixed amount and an amount placed in escrow. The fixed
component amounts to EUR 4.5 million of which EUR 2.0 million was paid in
cash and EUR 2.5 million was paid in shares of Cascade Microtech common
stock. In addition, an amount of EUR 2.5 million has been placed in escrow
and will be released to the seller upon meeting certain post-sale
conditions.
SUSS MicroTec Test Systems is a leading global supplier of measurement and
test systems for the semiconductor industry. It employs approximately 120
staff at its Sacka site and its international subsidiaries. In the 2008
fiscal year sales was EUR 25.0 million and EUR 10.6 million for the nine
months ended September 30, 2009.
With the divestment of the SUSS MicroTec Test Systems GmbH and the recent
acquisition of HamaTech APE, SUSS MicroTec will focus on its core
competency of microstructuring for microelectronics applications.
SUSS MicroTec's comprehensive product portfolio of exposure, cleaning,
coating, developing and bonding equipment offers complete high performance
solutions for advanced semiconductor packaging and 3D integration as well
as the manufacturing of MEMS and LEDs.
Through the acquisition of SUSS MicroTec Test Systems GmbH, who held the
second position in the market, Cascade Microtech will strenghten its market
leadership position in the semiconductor test probe station market focusing
the necessary resources towards developing leading-edge customer solutions
to address accelerated growth markets.
'This is a key strategic move for Cascade Microtech which strengthens our
product portfolio and leverages our combined resources and competencies,'
said F. Paul Carlson, Chairman and CEO, Cascade Microtech, Inc. 'We now
have the critical mass to focus on the technical challenges our customers
have in developing semiconductor processes and designing devices into the
next decade. This acquisition enables us to aggressively address emerging
applications such as 3D TSV, LED, and MEMS that are on an accelerated
growth curve.'
'Divesting the SUSS MicroTec Test Systems GmbH allows us to focus on
manufacturing solutions for our high growth core markets of advanced
packaging, 3D integration, LED and MEMS' said Frank P. Averdung, President
and CEO of SUSS MicroTec. 'Having a broad product range for 3D integration,
we anticipate future collaboration with Cascade Microtech in order to
address the complex issues in developing and testing 3D through silicon
vias (TSVs).'
SUSS MicroTec AG (ISIN DE 0007226706)
About SUSS MicroTec AG
SUSS MicroTec is a leading supplier of process equipment and test process
solutions for markets such as 3-D Integration, Advanced Packaging, MEMS,
Nanotechnology and Compound Semiconductor. High-quality solutions enable
customers to increase process performance while reducing cost of ownership.
SUSS MicroTec supports more than 8,000 installed mask aligners, coaters,
bonders and probe systems with a global infrastructure for applications and
service. SUSS MicroTec is headquartered in Garching near Munich, Germany.
For more information, please visit http://www.suss.com.
About Cascade Microtech, Inc.
Cascade Microtech, Inc. (NASDAQ: CSCD) is a worldwide leader in the precise
electrical measurement and test of integrated circuits (ICs) and other
small structures. For technology businesses and scientific institutions
that need to evaluate small structures, Cascade Microtech delivers access
to electrical data from wafers, integrated circuits (ICs), IC packages,
circuit boards and modules, MEMS, biological structures, LED devices and
more. Cascade Microtech's leading-edge semiconductor production test
products include unique probe cards and test sockets that reduce
manufacturing costs of high-speed and high-density semiconductor chips.
For more information visit www.cascademicrotech.com.
Disclaimer
This press release contains forward-looking statements relating to the
business, financial performance and earnings of SUSS MicroTec AG and its
subsidiaries and associates. Forward-looking statements are based on
current plans, estimates, projections and expectations and are therefore
subject to risks and uncertainties, most of which are difficult to estimate
and which in general are beyond the control of SUSS MicroTec AG.
Consequently, actual developments as well as actual earnings and
performance may differ materially from those which explicitly or implicitly
assumed in the forward-looking statements. SUSS MicroTec AG does not intend
or accept any obligation to publish updates of these forward-looking
statements.
28.01.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv at |[![CDATA[|[a href="http://www.dgap-medientreff.de"|]www.dgap-medientreff.de|[/a|]]]|] and |[![CDATA[|[a href="http://www.dgap.de"|]www.dgap.de|[/a|]]]|]
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Language: English
Company: Süss MicroTec AG
Schleissheimer Strasse 90
85748 Garching b. München
Deutschland
Phone: +49 (0)89 32007-161
Fax: +49 (0)89 32007-336
E-mail: ir@suss.com
Internet: www.suss.com
ISIN: DE0007226706
WKN: 722670
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, München, Hamburg, Stuttgart
End of News DGAP News-Service
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DGAP-News: Süss MicroTec AG sells Test Systems Division
| Source: EQS Group AG