Thursday, February 21, 2008

KLA-Tencor Acquires ICOS Vision Systems

San Jose-based KLA-Tencor and Belgium firm ICOS Vision Systems Corporation NV said today that the firms are in a merger agreement where KLA-Tencor will pay 36.50 euros per share for ICOS. The deal is worth approximately $465.8M. KLA-Tencor supplies inspection and metrology systems for the semiconductor industry; ICOS supplies testing and packaging inspection tools for the semiconductor industry. ICOS also manufactures equipment used for inspecting photovoltaic wafers and solar cells. The deal is expected to close in Q2 of 2008.