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Nova Completes Acquisition of Sentronics

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Nova (Nasdaq: NVMI) has completed the acquisition of Sentronics Metrology GmbH, a German-based provider of wafer metrology tools, for approximately $60 million in cash. The acquisition is expected to be accretive to non-GAAP net earnings within 12 months of closing.

Sentronics specializes in flexible and modular metrology tools equipped with multiple sensors for critical dimension applications, including thickness, roughness, and topography measurements in backend semiconductor fabrication. This strategic acquisition enhances Nova's dimensional metrology portfolio, particularly in advanced wafer level packaging and specialty devices, expanding beyond 300mm silicon wafers.

The integration of Sentronics' technology enables Nova to offer a complete portfolio for critical applications in both backend and frontend fabrication processes, complementing their existing Optical CD Stand Alone and Integrated Metrology solutions.

Nova (Nasdaq: NVMI) ha completato l'acquisizione di Sentronics Metrology GmbH, un fornitore tedesco di strumenti di metrologia dei wafer, per circa 60 milioni di dollari in contanti. Si prevede che l'acquisizione apporterà benefici agli utili netti non-GAAP entro 12 mesi dalla conclusione dell'operazione.

Sentronics si specializza in strumenti di metrologia flessibili e modulari dotati di più sensori per applicazioni di dimensionamento critico, comprese le misurazioni di spessore, rugosità e topografia nella fabbricazione di semiconduttori a valle. Questa acquisizione strategica arricchisce il portafoglio di metrologia dimensionale di Nova, in particolare nel confezionamento a livello wafer avanzato e nei dispositivi specializzati, espandendosi oltre i wafer di silicio da 300 mm.

L'integrazione della tecnologia di Sentronics consente a Nova di offrire un portafoglio completo per applicazioni critiche sia nei processi di fabbricazione a valle che a monte, completando le loro attuali soluzioni di metrologia Ottica CD Stand Alone e Integrata.

Nova (Nasdaq: NVMI) ha completado la adquisición de Sentronics Metrology GmbH, un proveedor alemán de herramientas de metrología de wafers, por aproximadamente 60 millones de dólares en efectivo. Se espera que la adquisición sea beneficiosa para las ganancias netas no-GAAP dentro de los 12 meses posteriores al cierre.

Sentronics se especializa en herramientas de metrología flexibles y modulares equipadas con múltiples sensores para aplicaciones de dimensiones críticas, incluyendo mediciones de grosor, rugosidad y topografía en la fabricación de semiconductores en la parte posterior. Esta adquisición estratégica mejora el portafolio de metrología dimensional de Nova, particularmente en el empaque avanzado a nivel de wafer y en dispositivos especiales, expandiéndose más allá de los wafers de silicio de 300 mm.

La integración de la tecnología de Sentronics permite a Nova ofrecer un portafolio completo para aplicaciones críticas tanto en procesos de fabricación de fondo como de frente, complementando sus actuales soluciones de metrología óptica CD independiente e integrada.

노바 (Nasdaq: NVMI)는 독일에 본사를 두고 있는 웨이퍼 메트롤로지 도구 제공업체 센트로닉스 메트롤로지 GmbH를 약 6000만 달러에 현금으로 인수했습니다. 이 인수는 종료 후 12개월 이내에 비 GAAP 기준 순익에 기여할 것으로 예상됩니다.

센트로닉스는 두께, 거칠기 및 형상 측정을 포함한 중요한 치수 측정용으로 여러 센서가 장착된 유연하고 모듈형 메트롤로지 도구를 전문으로 합니다. 이 전략적 인수는 노바의 차원 메트롤로지 포트폴리오를 강화하여, 특히 고급 웨이퍼 수준 패키징 및 특수 장치에서 300mm 실리콘 웨이퍼를 넘어서 확장합니다.

센트로닉스의 기술 통합은 노바가 후면 및 전면 제조 공정에서 중요한 응용 프로그램을 위한 완전한 포트폴리오를 제공할 수 있게 하며, 기존의 독립형 및 통합형 광학 CD 메트롤로지 솔루션을 보완합니다.

Nova (Nasdaq: NVMI) a finalisé l'acquisition de Sentronics Metrology GmbH, un fournisseur basé en Allemagne d'outils de métrologie de wafers, pour approximativement 60 millions de dollars en espèces. On s'attend à ce que cette acquisition soit bénéfique pour les résultats nets non-GAAP dans les 12 mois suivant la clôture.

Sentronics se spécialise dans des outils de métrologie flexibles et modulaires équipés de plusieurs capteurs pour des applications de dimensions critiques, y compris les mesures d'épaisseur, de rugosité et de topographie dans la fabrication de semi-conducteurs en aval. Cette acquisition stratégique renforce le portefeuille de métrologie dimensionnelle de Nova, en particulier dans l'emballage avancé au niveau wafer et les dispositifs spéciaux, s'étendant au-delà des wafers de silicium de 300 mm.

L'intégration de la technologie de Sentronics permet à Nova d'offrir un portefeuille complet pour des applications critiques dans les processus de fabrication en amont et en aval, complétant ainsi leurs solutions existantes de métrologie optique CD autonomes et intégrées.

Nova (Nasdaq: NVMI) hat die Übernahme von Sentronics Metrology GmbH, einem in Deutschland ansässigen Anbieter von Wafer-Metrologie-Werkzeugen, für etwa 60 Millionen Dollar in bar abgeschlossen. Es wird erwartet, dass die Übernahme innerhalb von 12 Monaten nach Abschluss ertragssteigernd für das Nicht-GAAP-Nettogewinn sein wird.

Sentronics spezialisiert sich auf flexible und modulare Metrologiewerkzeuge, die mit mehreren Sensoren für Anwendungen in der kritischen Dimension ausgestattet sind, darunter Messungen von Dicke, Rauheit und Topographie in der Halbleiterfertigung im Backend. Diese strategische Übernahme erweitert das Portfolio der dimensionalen Metrologie von Nova, insbesondere im Bereich des fortschrittlichen Wafer-Level-Packagings und spezieller Geräte, und geht über 300-mm-Siliziumwafer hinaus.

Die Integration der Technologie von Sentronics ermöglicht es Nova, ein vollständiges Portfolio für kritische Anwendungen sowohl in nachgelagerten als auch in vorgelagerten Fertigungsprozessen anzubieten und ergänzt ihre bestehenden Lösungen zur optischen CD-Metrologie in unabhängiger und integrierter Form.

Positive
  • Acquisition valued at $60 million paid in cash
  • Expected to be earnings accretive within 12 months
  • Expands product portfolio beyond 300mm silicon wafers
  • Strengthens presence in backend semiconductor fabrication
  • Enhances capabilities in wafer level packaging and specialty devices
Negative
  • Significant cash outlay of $60 million may impact short-term liquidity

Insights

The $60 million acquisition of Sentronics Metrology marks a pivotal strategic expansion for Nova in the semiconductor metrology space. The all-cash transaction structure indicates Nova's strong financial position and confidence in the deal's value proposition. The expected accretion to non-GAAP earnings within 12 months suggests efficient integration planning and meaningful revenue synergies.

This acquisition is particularly well-timed given the growing complexity in semiconductor packaging and the industry's shift toward advanced packaging solutions. Sentronics' expertise in backend fabrication metrology complements Nova's existing frontend capabilities, creating a comprehensive portfolio that addresses the entire semiconductor manufacturing process. The expansion beyond 300mm silicon wafers into specialty devices and different wafer sizes opens up new market opportunities in emerging segments like compound semiconductors and specialty chips.

Key strategic benefits include:

  • Portfolio diversification into backend metrology solutions
  • Enhanced competitive position in the growing advanced packaging market
  • Cross-selling opportunities to existing customers
  • Technology synergies between frontend and backend solutions

The integration execution will be critical, particularly in maintaining Sentronics' German operations while achieving planned synergies. However, Nova's track record in M&A and the complementary nature of Sentronics' technology suggest a lower integration risk profile. The deal's relatively modest size relative to Nova's $7.1 billion market cap provides a balanced risk-reward proposition while offering meaningful growth potential in strategic market segments.

REHOVOT, Israel, Feb. 3, 2025 /PRNewswire/ -- Nova (Nasdaq: NVMI) announced today that it completed the acquisition of Sentronics Metrology GmbH, a privately held company headquartered in Germany. The transaction is valued at approximately $60 million, paid in cash. The Company expects the acquisition to be accretive on a non-GAAP net earnings basis within 12 months of closing. The company is now focusing on post-merger integration execution.

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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 fabrication processes.  

"Bringing Sentronics Metrology into our midst supports our long-term vision of strategic growth by expanding our offering of critical technologies and addressing a broader spectrum of process control applications," said Gaby Waisman, President and CEO of Nova. "This acquisition fosters valuable synergies, strengthening our solutions to more effectively meet the broadening demands 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. 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 U.S. trade policies; indirect effects of the RussiaUkraine conflict; market instability including inflation and recessionary pressures; risks related to doing business with China; catastrophic events; inability to protect our intellectual property; open source technology exposure, including risks related to artificial intelligence; failure to compete effectively or to respond to rapid technological changes; consolidation in our industry; difficulty in predicting the length and strength of any downturn or expansion period of the market we target; factors that adversely affect the pricing and demand for our product lines; dependency on a small number of large customers; dependency on a single manufacturing facility per product line; dependency on a limited number of suppliers; difficulty in integrating current or future acquisitions; lengthy sales cycle and customer delays in orders; risks related to conditions in Israel, including related to the war against Hamas and other terrorist organizations; risks related to our convertible notes; currency fluctuations; and quarterly fluctuations in our operating results. We cannot guarantee future results, levels of activity, performance or achievements. The matters discussed in this press release also involve risks and uncertainties summarized under the heading "Risk Factors" in Nova's Annual Report on Form 20-F for the year ended December 31, 2023, filed with the Securities and Exchange Commission on February 20, 2024. These factors are updated from time to time through the filing of reports and registration statements with the Securities and Exchange Commission. Nova Ltd. does not assume any obligation to update the forward-looking information contained in this press release.

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 

Logo - https://mma.prnewswire.com/media/1446151/3817156/Nova_Logo.jpg

Cision View original content:https://www.prnewswire.com/news-releases/nova-completes-acquisition-of-sentronics-302366289.html

SOURCE Nova

FAQ

How much did Nova (NVMI) pay for Sentronics Metrology acquisition?

Nova paid approximately $60 million in cash for the acquisition of Sentronics Metrology GmbH.

When will the Sentronics acquisition be accretive to Nova's earnings?

The acquisition is expected to be accretive on a non-GAAP net earnings basis within 12 months of closing.

What technologies does Sentronics bring to Nova's portfolio?

Sentronics brings flexible and modular metrology tools with multiple sensors for critical dimension applications, including thickness, roughness, and topography measurements in backend semiconductor fabrication.

How does the Sentronics acquisition expand Nova's market reach?

The acquisition expands Nova's presence beyond 300mm silicon wafers into advanced wafer level packaging and specialty devices, covering both backend and frontend fabrication processes.

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