Search Menu
Photonics Media Photonics Buyers' Guide Photonics EDU Photonics Spectra BioPhotonics EuroPhotonics Industrial Photonics Photonics Showcase Photonics ProdSpec Photonics Handbook
More News
Email Facebook Twitter Google+ LinkedIn Comments

MKS Instruments to Acquire Newport Corp. for $980M

Industrial Photonics
Apr 2016
Newport Corp. has announced an agreement with MKS Instruments Inc. in which MKS will acquire Newport for $23 per share in cash, for a total transaction value of about $980 million.

The combined company is expected to have approximately $1.4 billion in pro forma annual revenue, based on the two companies’ 2015 historical results. The transaction is expected to be accretive to MKS non-GAAP net earnings and free cash flow during the first 12 months post-closing.

The combined company expects to realize $35 million in annualized cost synergies within 18 to 36 months, and anticipates revenue synergies from the expansion of MKS Instruments’ served addressable markets and leverage of complementary sales channels.

The announcement was coupled with Newport’s full year 2015 results. The company reported net sales of $607.2 million for the year. Net income was $31.1 million or $0.78 per diluted share per GAAP. Cash generated from operations totaled $51.7 million for the year.

The technology of generating and harnessing light and other forms of radiant energy whose quantum unit is the photon. The science includes light emission, transmission, deflection, amplification and detection by optical components and instruments, lasers and other light sources, fiber optics, electro-optical instrumentation, related hardware and electronics, and sophisticated systems. The range of applications of photonics extends from energy generation to detection to communications and...
BusinessindustrialacquisitionsMKSNewportAmericasCaliforniaMassachusettsphotonicsBusiness News

Terms & Conditions Privacy Policy About Us Contact Us
back to top
Facebook Twitter Instagram LinkedIn YouTube RSS
©2018 Photonics Media, 100 West St., Pittsfield, MA, 01201 USA,

Photonics Media, Laurin Publishing
x Subscribe to Vision Spectra magazine - FREE!
We use cookies to improve user experience and analyze our website traffic as stated in our Privacy Policy. By using this website, you agree to the use of cookies unless you have disabled them.