MKS Instruments Announces Closing of Photon Control Acquisition
July 15 2021 - 8:30AM
MKS Instruments, Inc. (NASDAQ: MKSI) (“MKS”), a global
provider of technologies that enable advanced processes and improve
productivity, today announced the completion of its previously
announced acquisition of Photon Control Inc. (TSX:PHO).
“We anticipate the acquisition will further advance the MKS
strategy to enhance our Surround the Chamber® offering by adding
optical sensors for temperature control for critical etch and
deposition applications in semiconductor wafer fabrication," said
MKS President and CEO John T.C. Lee. “In addition, Photon Control
is a strong strategic fit with similar culture and vision to
MKS.”
About MKS Instruments MKS Instruments,
Inc. is a global provider of instruments, systems, subsystems and
process control solutions that measure, monitor, deliver, analyze,
power and control critical parameters of advanced manufacturing
processes to improve process performance and productivity for our
customers. Our products are derived from our core competencies in
pressure measurement and control, flow measurement and control, gas
and vapor delivery, gas composition analysis, electronic control
technology, reactive gas generation and delivery, power generation
and delivery, vacuum technology, lasers, photonics, optics,
precision motion control, vibration control and laser-based
manufacturing systems solutions. We also provide services relating
to the maintenance and repair of our products, installation
services and training. Our primary served markets include
semiconductor, industrial technologies, life and health sciences,
and research and defense. Additional information can be found
at www.mksinst.com. SAFE HARBOR FOR FORWARD-LOOKING
STATEMENTS This press release contains
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995, Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange
Act of 1934 regarding the future financial performance, business
prospects and growth of MKS. These statements are only predictions
based on current assumptions and expectations. Any statements that
are not statements of historical fact (including statements
containing the words “will,” “projects,” “intends,” “believes,”
“plans,” “anticipates,” “expects,” “estimates,” “forecasts,”
“continues” and similar expressions) should be considered to
be forward-looking statements. Actual events or results may
differ materially from those in the forward-looking statements set
forth herein. Among the important factors that could cause actual
events to differ materially from those in the forward-looking
statements are our ability to successfully operate or integrate the
Photon Control business into MKS, our ability to retain and
integrate Photon Control employees into MKS, our ability to realize
the expected benefits of the acquisition, and the other factors
described in MKS’ Annual Report on Form 10-K for the year ended
December 31, 2020 and any subsequent Quarterly Reports on Form
10-Q, as filed with the SEC. MKS is under no obligation to, and
expressly disclaims any obligation to, update or alter these
forward-looking statements, whether as a result of new information,
future events or otherwise after the date of this press
release.
MKS Contacts: Investor
Relations: David Ryzhik Vice President, Investor
Relations Telephone: (978)
557-5180 Email: david.ryzhik@mksinst.com Press
Relations: Bill Casey Senior Director, Marketing
Communications Telephone: (630)
995-6384 Email: bill.casey@mksinst.com Tom
Davies / Jeremy Fielding Kekst CNC Emails:
tom.davies@kekstcnc.com / jeremy.fielding@kekstcnc.com
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