BILLERICA, Mass.--(BUSINESS WIRE)--Jun. 25, 2018--
Entegris,
Inc. (NASDAQ: ENTG), a leader in specialty chemicals and advanced
materials solutions, announced today it has completed the acquisition of
the SAES Pure Gas business from SAES Getters S.p.A. (“SAES Group”).
Under the agreement, which was originally announced
on June 6, 2018, Entegris has purchased the shares and assets which
comprise the SAES Pure Gas business for approximately $355 million,
subject to customary purchase price adjustments.
“With this acquisition, we are even better positioned to meet the
increasingly more stringent contamination control requirements within
the semiconductor industry,” said Bertrand Loy, president and Chief
Executive Officer of Entegris. “The combination of technology platforms
and talent will help us create superior value for our customers and
shareholders.”
ABOUT ENTEGRIS
Entegris is a leader in specialty chemicals and advanced materials
solutions for the microelectronics industry and other high-tech
industries. Entegris is ISO 9001 certified and has manufacturing,
customer service and/or research facilities in the United States, China,
France, Germany, Israel, Japan, Malaysia, Singapore, South Korea and
Taiwan. Additional information can be found at www.entegris.com.
FORWARD LOOKING STATEMENTS
This press release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. The
words “believe,” “expect,” “anticipate,” “intends,” “estimate,”
“forecast,” “project,” “should,” “may,” “will,” “would” or the negative
thereof and similar expressions are intended to identify such
forward-looking statements. These forward-looking statements include
statements related to the acquisition of the SAES Pure Gas business;
future financial and operating results; benefits and synergies of the
transaction; future opportunities for the combined company; market and
technology trends; and other matters. These statements involve risks and
uncertainties that may cause actual results to differ including, but not
limited to, the ability to successfully integrate the operations and
employees of the SAES Pure Gas business; risks that the transaction
disrupts the current plans and operations of Entegris or the SAES Pure
Gas business; the ability to realize anticipated synergies and cost
savings; the ability to successfully grow the SAES Pure Gas business;
the weakening of global and/or regional economic conditions, generally
or specifically in the semiconductor industry, which could decrease the
demand for our products and solutions; our ability to continue
technological innovation and introduce new products to meet our
customers' rapidly changing requirements; and other risk factors and
additional information described in our filings with the Securities and
Exchange Commission, including under the heading “Risks Factors" in Item
1A of our Annual Report on Form 10-K for the fiscal year ended December
31, 2017, filed on February 15, 2018, and in our other periodic filings.
Entegris assumes no obligation to update any forward-looking statements
or information, which speak as of their respective dates.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180625005632/en/
Source: Entegris, Inc.
Entegris, Inc.
Alexa Manocchio, +1-978-405-4660
Public
Relations
alexa.manocchio@entegris.com