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Soitec finalizes TraciT acquisition

Posted: 02 Aug 2006 ?? ?Print Version ?Bookmark and Share

Keywords:Soitec? TraciT Technologies? wafer-level packaging? acquisition?

Soitec announced that it has finalized the acquisition of 100 percent of the total registered share capital of TraciT Technologies.

According to the company, the strategic acquisition is expected to expand its intellectual property, particularly in highly complementary areas. With TraciT, Soitec enters new electronic markets with the fully-processed electronic circuits transfer technology, which has short-term applications for wafer-level packaging.

The Board of Directors recently met and agreed upon the issuance of 809,307 new Soitec shares in full and final consideration for the total registered share capital of TraciT Technologies S.A.

Andre-Jacques Auberton-Herve, chairman and CEO of Soitec, said, "The finalization of our acquisition will allow us to quickly deploy the resources required for the industrial development of TraciT Technologies. The closeness and complementarity of our businesses highlight the strategic advantage of this merger, which will accelerate the promising development of TraciT in the Soitec Group."

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