Camtek Ltd. completed the acquisition of FRT GmbH from FormFactor, Inc..
November 31, 2023
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Camtek Ltd. (NasdaqGM:CAMT) signed an agreement to acquire FRT GmbH from FormFactor, Inc. (NasdaqGS:FORM) for $100 million on September 18, 2023. The transaction has already received clearance of the transactions under the German foreign direct investment laws. The transaction is expected to close in Q4 2023, subject to the satisfaction of customary closing conditions.
Camtek Ltd. (NasdaqGM:CAMT) completed the acquisition of FRT GmbH from FormFactor, Inc. (NasdaqGS:FORM) on November 1, 2023.
FormFactor, Inc. is a provider of essential test and measurement technologies along the full semiconductor product lifecycle from characterization, modeling, reliability, and design de-bug to qualification and production test. It provides a range of high-performance probe cards, analytical probes, probe stations, thermal systems, and cryogenic systems to both semiconductor companies and scientific institutions. Its products provide electrical information from a variety of semiconductor and electro-optical devices and integrated circuits from early research, through development, to high-volume production. It operates in two segments: Probe Cards and the Systems. The Probe Cards segment includes sales of its probe cards and analytical probes. The Systems segment includes sales of its probe stations, thermal systems and cryogenic systems. The Company's customers include companies, universities and institutions that design or make semiconductor and semiconductor related products.