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Metrology Companies to Merge

Photonics Spectra
Sep 2002
Veeco Instruments Inc. and FEI Co. have signed a merger agreement under which FEI will become a wholly owned subsidiary of Veeco. The expanded company, which will be renamed Veeco FEI Inc., will exchange an estimated $1 billion in shares for outstanding FEI stocks. The merger will unite Veeco's expertise in process equipment and metrology tools with FEI's strength in structural analysis systems for three-dimensional metrology. The company will be headquartered in Woodbury, N.Y., and FEI's headquarters in Hillsboro, Ore., will be used for research and development and for manufacturing.

GLOSSARY
metrology
The science of measurement, particularly of lengths and angles.
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