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ESI to Acquire Topwin Optoelectronics for Up to $18M

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PORTLAND, Ore., Nov. 14, 2014 — Electro Scientific Industries Inc. (ESI) has entered into an agreement to acquire the Chinese laser design and manufacturing firm Wuhan Topwin Optoelectronics Technology Co. Ltd. for up to $18 million. Topwin makes midrange lasers for use in consumer electronics manufacturing, including ITO patterning, printed circuit board cutting, precision welding and marking. ESI will pay $9 million in cash, plus $4.5 million worth of stock to be paid out over three years, according to a document filed with the Securities and Exchange Commission. If Topwin meets financial targets, another $4.5...Read full article

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