Nova Acquires Sentronics Metrology to Expand its Dimensional Metrology Portfolio
Nova (NVMI) has announced the acquisition of Sentronics Metrology GmbH in an all-cash transaction valued at $60 million. The deal is expected to close in Q1 2025 and become accretive on a non-GAAP basis within 12 months. Sentronics, based in Mannheim, Germany, provides wafer metrology tools for backend semiconductor fabrication. The acquisition expands Nova's dimensional metrology portfolio into wafer level packaging and specialty devices, targeting a market estimated at $200 million annually. The integration will enhance Nova's capabilities beyond 300mm silicon wafers and complement its existing Optical CD Stand Alone and Integrated Metrology offerings.
Nova (NVMI) ha annunciato l'acquisizione di Sentronics Metrology GmbH in una transazione completamente in contante del valore di 60 milioni di dollari. L'accordo dovrebbe chiudersi nel primo trimestre del 2025 e si prevede che diventi redditizio su base non-GAAP entro 12 mesi. Sentronics, con sede a Mannheim, Germania, fornisce strumenti di metrologia per wafer per la fabbricazione di semiconduttori. L'acquisizione amplia il portafoglio di metrologia dimensionale di Nova nel packaging a livello di wafer e nei dispositivi speciali, mirando a un mercato stimato in 200 milioni di dollari all'anno. L'integrazione migliorerà le capacità di Nova oltre i wafer di silicio da 300 mm e completerà le sue attuali offerte di metrologia ottica Stand Alone e Integrata.
Nova (NVMI) ha anunciado la adquisición de Sentronics Metrology GmbH en una transacción completamente en efectivo valorada en 60 millones de dólares. Se espera que el acuerdo se cierre en el primer trimestre de 2025 y que sea accretivo en base a non-GAAP en un plazo de 12 meses. Sentronics, con sede en Mannheim, Alemania, proporciona herramientas de metrología para wafer en la fabricación de semiconductores. La adquisición amplía el portafolio de metrología dimensional de Nova en empaquetado a nivel de wafer y dispositivos especiales, apuntando a un mercado estimado en 200 millones de dólares anuales. La integración mejorará las capacidades de Nova más allá de los wafers de silicio de 300 mm y complementará sus ofertas actuales de metrología óptica Stand Alone e integrada.
노바 (NVMI)는 센트로닉스 메트롤로지 GmbH를 6천만 달러에 전액 현금 거래로 인수했다. 이 거래는 2025년 1분기에 마감될 것으로 예상되며, 12개월 이내에 비-GAAP 기준으로 수익성을 높일 것으로 보인다. 독일 만하임에 본사를 둔 센트로닉스는 반도체 제조를 위한 웨이퍼 메트롤로지 도구를 제공한다. 이 인수는 웨이퍼 수준 패키징 및 특수 장치를 포함하여 노바의 치수 메트롤로지 포트폴리오를 확장하며, 연간 2억 달러로 추정되는 시장을 목표로 한다. 통합은 노바의 300mm 실리콘 웨이퍼 이상으로 능력을 향상시키고 현재의 독립형 및 통합 메트롤로지 광학 제공을 보완할 것이다.
Nova (NVMI) a annoncé l'acquisition de Sentronics Metrology GmbH dans le cadre d'une transaction entièrement en espèces d'une valeur de 60 millions de dollars. L'accord devrait être finalisé au premier trimestre 2025 et devenir accretif sur une base non-GAAP dans les 12 mois suivant. Sentronics, basé à Mannheim, en Allemagne, fournit des outils de métrologie de wafer pour la fabrication de semi-conducteurs. L'acquisition élargit le portefeuille de métrologie dimensionnelle de Nova aux emballages au niveau des wafers et aux dispositifs spécialisés, visant un marché estimé à 200 millions de dollars par an. L'intégration améliorera les capacités de Nova au-delà des wafers en silicium de 300 mm et complétera ses offres actuelles de métrologie optique Stand Alone et intégrée.
Nova (NVMI) hat die Akquisition von Sentronics Metrology GmbH in einer Bartransaktion im Wert von 60 Millionen Dollar bekannt gegeben. Der Deal soll im ersten Quartal 2025 abgeschlossen werden und innerhalb von 12 Monaten auf einer Non-GAAP-Basis gewinnbringend werden. Sentronics, mit Sitz in Mannheim, Deutschland, bietet Messtechnikwerkzeuge für Wafer in der Halbleiterfertigung an. Die Akquisition erweitert Novas Portfolio der dimensionalen Messtechnik um Wafer-Level-Packaging und Spezialgeräte und zielt auf einen Markt, der auf jährlich 200 Millionen Dollar geschätzt wird. Die Integration wird Novas Fähigkeiten über 300mm Siliziumwafer hinaus verbessern und die bestehenden Angebote der optischen CD Stand Alone und integrierten Messtechnik ergänzen.
- All-cash acquisition valued at $60 million
- Expected to be accretive to non-GAAP earnings within 12 months
- Expands into $200 million annual market opportunity
- Enhances product portfolio for backend and frontend fabrication processes
- Diversifies offering into wafer level packaging and specialty devices
- None.
Insights
This strategic acquisition represents a significant move for Nova, expanding its dimensional metrology capabilities into backend semiconductor fabrication and wafer-level packaging. The
Sentronics' technology complements Nova's existing portfolio, particularly in specialty devices and various wafer sizes beyond 300mm silicon. This diversification reduces dependency on any single market segment while positioning Nova to capture growth in advanced packaging - a critical area as semiconductor manufacturing becomes more complex. The deal's timing aligns with industry trends toward more sophisticated packaging solutions, though integration execution will be key to realizing the projected synergies.
The acquisition strategically positions Nova in the rapidly evolving advanced packaging space, which is becoming increasingly critical as traditional Moore's Law scaling faces physical limitations. Sentronics' modular dimensional metrology tools address important measurement challenges in backend processes, including thickness, roughness and topography - parameters that directly impact yield and performance in advanced packaging applications.
The technology synergy is particularly valuable as the industry moves toward heterogeneous integration and chiplet-based designs, where precise backend measurements become as critical as frontend process control. This acquisition fills a significant gap in Nova's portfolio, enabling them to offer comprehensive metrology solutions across the entire semiconductor manufacturing process, from frontend to backend operations.
- Expands applications' reach to backend semiconductor and Wafer Level Packaging, including Advanced Packaging.
- All-cash transaction valued at approximately
$60 million - Acquisition expected to be accretive on non-GAAP net earnings basis within 12 months of closing.
REHOVOT,
The acquisition is subject to customary closing and regulatory conditions and approvals and is expected to close within the first quarter of 2025. The Company expects the acquisition to be accretive on a non-GAAP basis within 12 months of closing.
Sentronics Metrology GmbH is a global provider of wafer metrology tools for backend semiconductor fabrication. The company develops flexible and modular metrology tools equipped with multiple metrology sensors for a variety of critical dimension applications, including thickness, roughness, and topography.
The addition of Sentronics' modular dimensional metrology technology to Nova's dimensional metrology portfolio will enable Nova to diversify its offering in the rapidly growing field of advanced wafer level packaging and specialty devices. Sentronics portfolio expands Nova's presence into a broader range of applications and wafer sizes and types beyond 300mm silicon wafers. Along with Nova's Optical CD Stand Alone and Integrated Metrology, Nova can offer its customers a complete portfolio for critical applications in both backend and frontend fabrications processes. The Company believes these applications represent a rapidly growing market, estimated at
"We are very excited with this strategic acquisition that further extends our reach into fast-growing markets," commented Gaby Waisman, President and CEO of Nova. "Acquiring Sentronics Metrology aligns with our long-term strategy to expand our total addressable market by broadening our portfolio of key technologies, enabling us to support a wider range of process control applications. This acquisition creates significant synergies, enhancing our offerings to better meet the evolving needs of our customers."
About Nova
Nova is a leading innovator and key provider of material, optical and chemical metrology solutions for advanced process control in semiconductor manufacturing. Nova delivers continuous innovation by providing state-of-the-art, high-performance metrology solutions for effective process control throughout the semiconductor fabrication lifecycle. Nova's product portfolio, which combines high-precision hardware and cutting-edge software, provides its customers with deep insight into developing and producing the most advanced semiconductor devices. Nova's unique capability to deliver innovative solutions enables its customers to improve performance, enhance product yields and accelerate time to market. Nova acts as a partner to semiconductor manufacturers from its offices worldwide. Additional information may be found on Nova's website link - https://www.novami.com/.
Nova is traded on the Nasdaq and TASE, Nasdaq ticker symbol NVMI.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of safe harbor provisions of the Private Securities Litigation Reform Act of 1995 relating to future events or our future performance, such as statements regarding, but not limited to, anticipated growth opportunities and projections about our business and its future revenues, expenses and profitability and regarding the future closing of Sentronics' acquisition. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to differ materially from any future results, levels of activity, performance or achievements expressed or implied in those forward-looking statements. Factors that may affect our results, performance, circumstances or achievements include, but are not limited to, the following: increased information technology security threats and sophisticated computer crime; foreign political and economic risks including supply-chain difficulties; regulations that could restrict our operations such as economic sanctions and export restrictions; changes in
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Company Contact:
Guy Kizner, Chief Financial Officer
Tel: +972-73-229-5760
E-mail - investors@novami.com
Nova website link - https://www.novami.com/
Investor Relations Contact:
Miri Segal MS-IR LLC
Tel: +917-607-8654
E-mail - msegal@ms-ir.com
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SOURCE Nova
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