NAURA Akrion Inc. acquired Akrion’s surface preparation business
Beijing NAURA Microelectronics Equipment Co.,Ltd. (“NAURA”) and Akrion Systems LLC today jointly announced that the previously announced acquisition by NAURA has been completed. As a result of the closing of the transaction, NAURA Akrion Inc. (“NAURA Akrion”), a wholly owned subsidiary of NAURA in the United States, acquired Akrion’s surface preparation business.
“The successful completion of the transaction will enhance NAURA’s
cleaning equipment product line rapidly, and allow it to cover the
integrated circuit chip process including Pre Film Deposition Clean, PR
Strip, Backside Clean, Wafer Reclaim, Post Etch Clean, SiN/Oxide
Etch,Post Metal Deposition and Al pad clean, and other Wet technologies.
This is a strong upgrade of NAURA’s surface preparation business and
will boost NAURA’s overall market competitiveness.” Commented by Mr.
Jinrong Zhao, President & CEO of NAURA. “Upon completion of the
transaction, the new entity NAURA Akrion will continue to focus on and
promote the existing line of 8-12 inch batch and single wafer systems
designed for integrated circuit chip manufacturing, silicon wafer
fabrication, MEMS and advanced packaging. NAURA Akrion will invest
resources in R&D on new application development, new process
development and new product development. It will also stay
customer-focused and continue to support existing and future customers
worldwide with expanded product and solutions.
“We are very pleased to have completed the transaction,” said Mr. Michael Ioannou, NAURA Akrion CEO. “Enhanced by the strong strategic and financial support of our new investors, the company’s future is brighter than ever. We are excited to continue building and growing NAURA Akrion into a global leader in wet-processing systems as part of NAURA.”
Acuity Advisors LLP, a UK based M&A technology advisory firm, served as the financial advisor and Perkins Coie served as the legal advisor to Akrion Systems LLC. Needham & Company served as the financial advisor, Gibson, Dunn & Crutcher LLP served as the US legal advisor to NAURA.
NAURA Akrion is a supplier of advanced surface preparation systems and processes used in the manufacture of solar, semiconductor and related devices.