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Newport Corp. Announces $607M Net Sales in 2016, Acquisition by MKS for $980M

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IRVINE, Calif., Feb. 24, 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...Read full article

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    Published: February 2016
    Glossary
    photonics
    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...
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