Onto Innovation Announces “Tuck-In” Acquisition of Lumina Instruments, Inc. and Lithography Business of Kulicke and Soffa
Onto Innovation (NYSE: ONTO) has announced two strategic acquisitions: Lumina Instruments and Kulicke and Soffa's lithography business. Lumina's laser scattering technology expands Onto's inspection portfolio, adding a $250 million addressable market in wafer and panel manufacturing. The Kulicke and Soffa acquisition includes 24 patents, 8 pending patents, and extensive lithography expertise. The combined acquisitions are projected to generate up to $100 million in annual revenue within three years and become earnings accretive within 12 months.
Onto Innovation (NYSE: ONTO) ha annunciato due acquisizioni strategiche: Lumina Instruments e il business di litografia di Kulicke e Soffa. La tecnologia di diffusione laser di Lumina amplia il portafoglio di ispezione di Onto, aggiungendo un mercato indirizzabile di 250 milioni di dollari nella produzione di wafer e pannelli. L'acquisizione di Kulicke e Soffa comprende 24 brevetti, 8 brevetti in sospeso e un'ampia esperienza nel campo della litografia. Si prevede che le acquisizioni combinate genereranno fino a 100 milioni di dollari di entrate annuali entro tre anni e diverranno accretive agli utili entro 12 mesi.
Onto Innovation (NYSE: ONTO) ha anunciado dos adquisiciones estratégicas: Lumina Instruments y el negocio de litografía de Kulicke y Soffa. La tecnología de dispersión láser de Lumina amplía el portafolio de inspección de Onto, añadiendo un mercado direccionable de 250 millones de dólares en la fabricación de obleas y paneles. La adquisición de Kulicke y Soffa incluye 24 patentes, 8 patentes en trámite y una amplia experiencia en litografía. Se proyecta que las adquisiciones combinadas generarán hasta 100 millones de dólares en ingresos anuales dentro de tres años y se volverán accretivas a las ganancias dentro de 12 meses.
Onto Innovation (NYSE: ONTO)는 두 가지 전략적 인수 소식을 발표했습니다: Lumina Instruments와 Kulicke and Soffa의 리소그래피 사업입니다. Lumina의 레이저 산란 기술은 Onto의 검사 포트폴리오를 확장하여 웨이퍼 및 패널 제조에서 2억 5천만 달러의 타겟 시장을 추가합니다. Kulicke and Soffa 인수에는 24개의 특허, 8개의 대기 중인 특허 및 광범위한 리소그래피 전문 지식이 포함됩니다. 두 인수의 합병은 3년 이내에 연간 수익을 최대 1억 달러 생성할 것으로 예상되며, 12개월 이내에 수익 증가 효과를 가져올 것으로 보입니다.
Onto Innovation (NYSE: ONTO) a annoncé deux acquisitions stratégiques : Lumina Instruments et les activités de lithographie de Kulicke et Soffa. La technologie de diffusion laser de Lumina élargit le portefeuille d'inspection d'Onto, ajoutant un marché adressable de 250 millions de dollars dans la fabrication de wafers et de panneaux. L'acquisition de Kulicke et Soffa comprend 24 brevets, 8 brevets en attente et une vaste expertise en lithographie. Les acquisitions combinées devraient générer jusqu'à 100 millions de dollars de revenus annuels dans trois ans et devenir accretives aux bénéfices dans les 12 mois.
Onto Innovation (NYSE: ONTO) hat zwei strategische Übernahmen bekannt gegeben: Lumina Instruments und das Lithographiebusiness von Kulicke und Soffa. Die Laserdiffusionstechnologie von Lumina erweitert Ontos Inspektionsportfolio und fügt einen adressierbaren Markt von 250 Millionen Dollar in der Wafer- und Plattenfertigung hinzu. Die Übernahme von Kulicke und Soffa umfasst 24 Patente, 8 ausstehende Patente und umfassende Fachkenntnisse in der Lithographie. Es wird prognostiziert, dass die kombinierten Übernahmen innerhalb von drei Jahren bis zu 100 Millionen Dollar jährlichen Umsatz generieren und innerhalb von 12 Monaten gewinnsteigernd wirken werden.
- Expands addressable market by $250 million
- Expected revenue generation of up to $100 million annually within 3 years
- Earnings accretive within 12 months
- Acquisition includes 24 patents and 8 pending patents
- Enhanced defect detection capabilities from 750nm to below 100nm
- None.
Insights
Expands Inspection Capabilities for Unpatterned Wafers and Panel Substrates
Enhances IP Portfolio and Lithography R&D Team to Accelerate Panel Lithography Development
“We are pleased to announce the 'tuck-in' of Lumina Instruments to strengthen Onto Innovation’s inspection portfolio through the addition of their highly differentiated laser scattering technology,” said Dr. Mike Rosa, chief marketing officer and senior vice president strategy, Onto Innovation. “This technology will expand our served addressable market by more than
Opportunities for inspection of surface and subsurface defects and contamination continue to grow as applications in panel-level packaging transition to glass. Simultaneously, silicon carbide (SiC) and gallium nitride (GaN) wafer-based power markets continue to grow and so do the process control challenges in their manufacturing as wafer sizes migrate from 150mm to 200mm and 200mm to 300mm, respectively.
“We were looking for the next stage of growth for our technologies in a range of application segments from advanced packaging to compound semi power. Onto Innovation impressed us with their strong established channels to markets combined with a focus on product synergies. In addition, their commitment to empowering small effective teams and vision for new growth areas like panel level processing was compelling to our team,” said Dr. Steven Meeks, former chief technology officer and president of Lumina Instruments.
Onto Innovation also acquired the lithography business from Kulicke and Soffa Industries, Inc., gaining 24 patents issued, eight additional patents pending, and more than 200 man-years of semiconductor lithography and wafer applications experience. Equipped with a strong set of hardware and software technologies, differentiating patents, and unique designs for metrology and lithography performance, this team will accelerate and expand the JetStep® panel lithography roadmap.
Combined, the acquisitions are expected to generate up to
Other terms of the deal were not disclosed.
About Onto Innovation Inc.
Onto Innovation is a leader in process control, combining global scale with an expanded portfolio of leading-edge technologies that includes un-patterned wafer quality, 3D metrology spanning chip features from nanometer scale transistors to large die interconnects, macro defect inspection of wafers and packages, metal interconnect composition, factory analytics, and lithography for advanced semiconductor packaging.
Our breadth of offerings across the entire semiconductor value chain helps our customers solve their most difficult yield, device performance, quality, and reliability issues. Onto Innovation strives to optimize customers’ critical path of progress by making them smarter, faster and more efficient.
Headquartered in
Additional information can be found at www.ontoinnovation.com.
Forward Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the “Act”) which include statements relating to the anticipated benefits of the acquisitions; the anticipated impact of the acquisitions on Onto Innovation’s business and future financial and operating results; the expected amount and timing of the synergies from the acquisitions; Onto Innovation’s business momentum and future growth; the benefit to customers and the capabilities of Onto Innovation’s products and customer service; Onto Innovation’s ability to both deliver products and services consistent with our customers’ demands and expectations and strengthen its market position, Onto Innovation’s beliefs about market opportunities as well as other matters that are not purely historical data. Onto Innovation wishes to take advantage of the “safe harbor” provided for by the Act and cautions that actual results may differ materially from those projected as a result of various factors, including risks and uncertainties, many of which are beyond Onto Innovation’s control. Such factors include, but are not limited to, the Company’s ability to leverage its resources to improve its position in its core markets; its ability to weather difficult economic environments; its ability to open new market opportunities and target high-margin markets; the strength/weakness of the back-end and/or front-end semiconductor market segments; fluctuations in customer capital spending and any potential impact as a result of the novel coronavirus situation; the Company’s ability to effectively manage its supply chain and adequately source components from suppliers to meet customer demand; its ability to adequately protect its intellectual property rights and maintain data security; its ability to effectively maneuver global trade issues and changes in trade and export license policies; the Company’s ability to maintain relationships with its customers and manage appropriate levels of inventory to meet customer demands; and the Company’s ability to successfully integrate acquired businesses and technologies. Additional information and considerations regarding the risks faced by Onto Innovation are available in Onto Innovation’s Form 10-K report for the year ended December 30, 2023, and other filings with the Securities and Exchange Commission. As the forward-looking statements are based on Onto Innovation’s current expectations, the Company cannot guarantee any related future results, levels of activity, performance or achievements. Onto Innovation does not assume any obligation to update the forward-looking information contained in this press release, except as required by law.
Source: Onto Innovation Inc.
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Investor Relations:
Sidney Ho, +1 408.376.9163
sidney.ho@ontoinnovation.com
Source: Onto Innovation Inc.
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