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Kulicke & Soffa buys Assemblon for $98M

Posted: 14 Jan 2015 ?? ?Print Version ?Bookmark and Share

Keywords:accretive transaction? advanced packaging markets? SMT equipment?

Kulicke and Soffa Industries Inc. has completed the deal to acquire a 100 per cent equity stake of Assemblon B.V. Closed on January 9, 2015. The all-cash transaction is priced at nearly $98 million.

Assemblon, based in Veldhoven, the Netherlands, is a technology solutions provider that offers assembly equipment, processes and services for the automotive, industrial and advanced packaging markets. Assemblon's 2014 revenue is currently anticipated to be approximately $90 million.

Speed, accuracy and process improvements in backend semiconductor and advanced SMT equipment are converging to drive innovative solutions that address specific segments within the high-growth advanced packaging market. Each organisation's technical strengths are anticipated to enable further innovations within their complementary core markets and advanced packaging segments, such as system-in-packages, embedded die, package-on-package, wafer-level-packaging and fan-out-wafer-level packaging.

"We are extremely pleased to welcome Assemblon's customers, supply chain partners and employees into the K&S family," remarked Bruno Guilmart, Kulicke & Soffa's President and Chief Executive Officer. "We continue to work towards a thoughtful integration process and look forward to sharing additional details over the coming months."

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