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Zygo to Acquire Optics Facility

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MIDDLEFIELD, Conn., Oct. 29, 2010 — Zygo Corp. announced Wednesday it will buy ASML US Inc.'s optics facility in Richmond, Calif., for as much as $10 million. 

Zygo will expand its optical manufacturing capabilities considerably with the addition of high precision optical machining and polishing equipment, aspheric lens manufacturing and diamond tuning assets, the company said. It also expects to hire key management and employees of ASML Optics Richmond, a 60,000-sq-ft facility.

The Richmond operation will provide highly synergistic capabilities that can address immediately new applications in semiconductor, defense and the life sciences markets, Zygo said.

The expected purchase price is between $7 million and $10 million, including current work-in-process inventory. The acquisition, subject to customary closing conditions, is expected to close by mid-November.

Zygo supplies optical metrology instruments, precision optics and electro-optical design and manufacturing services for customers in the semiconductor capital equipment, biomedical, scientific and industrial markets.

For more information, visit: www.zygo.com 


Photonics.com
Oct 2010
GLOSSARY
aspheric lens
A lens element in which at least one face is shaped to a surface of revolution about the lens axis, including conic sections but excluding a sphere.
metrology
The science of measurement, particularly of lengths and angles.
polishing
The optical process, following grinding, that puts a highly finished, smooth and apparently amorphous surface on a lens or a mirror.
acquisitionsAmericasASMLASML Optics RichmondASML RichmondASML US Inc.aspheric lensbiomedicalBiophotonicsBusinessdefensediamond tuningelectro-opticalindustrialindustrial marketlenseslife sciencesmetrologyoptical machiningoptical metrologyopticspolishingprecision opticsPurchase AgreementscientificsemiconductorsZygoZygo Corporation

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