Applied Materials Acquires Kachina Assets from Edwards
SANTA CLARA, Calif.--(BUSINESS WIRE)--Applied Materials, Inc. today announced that it has completed the
acquisition of certain assets of Edwards Vacuum, Inc.’s
Kachina semiconductor equipment parts cleaning and refurbishment
business. The acquisition expands Applied’s
existing Chamber Services network of facilities and enhances its
position as the leading global service provider of critical parts
cleaning, coating, refurbishment and analytical technologies to the
semiconductor industry.
Included in the transaction are Kachina’s
operations at facilities in Austin, Texas; Phoenix, Arizona; and
Hillsboro, Oregon, as well as Kachina’s
on-site service operations at customer sites in Israel, Ireland and the
state of Virginia. All the acquired assets will be integrated within the
Applied Global Services organization. Applied currently owns and
operates parts cleaning service facilities throughout North America and
in Europe, Israel, Taiwan, Singapore and China as part of its Metron
Chamber Performance Services product unit.
This press release contains forward-looking statements relating to the
acquisition of Kachina assets, expected benefits of the transaction and
Applied’s strategic position. These statements
are subject to known and unknown risks and uncertainties that could
cause actual results to differ materially from those stated or implied,
including but not limited to: the successful integration and performance
of the acquired business; the sustainability of demand in the
semiconductor industry, which is subject to many factors, including
global economic conditions, business and consumer spending, demand for
electronic products, and geopolitical uncertainties; customers’
wafer starts; Applied’s ability to develop,
deliver and support a broad range of products and expand its markets and
develop new markets; and other risks described in Applied’s
SEC filings. All forward-looking statements are based on management’s
estimates, projections and assumptions as of November 9, 2007, and
Applied undertakes no obligation to update any such statements.
Applied Materials, Inc. (Nasdaq: AMAT) is the global leader in
Nanomanufacturing Technology™ solutions with
a broad portfolio of innovative equipment, service and software products
for the fabrication of semiconductor chips, flat panel displays, solar
photovoltaic cells, flexible electronics and energy efficient glass. At
Applied Materials, we apply Nanomanufacturing Technology to improve the
way people live. Learn more at www.appliedmaterials.com.
