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Applied Materials Acquires Kachina Assets from Edwards
SANTA CLARA, Calif. --(Business Wire)-- Applied Materials, Inc. today announced that it has completed the acquisition of certain assets of Edwards Vacuum, Inc.'s Kachina semiconductor equipment parts cleaning and refurbishment business. The acquisition expands Applied's existing Chamber Services network of facilities and enhances its position as the leading global service provider of critical parts cleaning, coating, refurbishment and analytical technologies to the semiconductor industry.
Included in the transaction are Kachina's operations at facilities in Austin, Texas; Phoenix, Arizona; and Hillsboro, Oregon, as well as Kachina's on-site service operations at customer sites in Israel, Ireland and the state of Virginia. All the acquired assets will be integrated within the Applied Global Services organization. Applied currently owns and operates parts cleaning service facilities throughout North America and in Europe, Israel, Taiwan, Singapore and China as part of its Metron Chamber Performance Services product unit.
This press release contains forward-looking statements relating to the acquisition of Kachina assets, expected benefits of the transaction and Applied's strategic position. These statements are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those stated or implied, including but not limited to: the successful integration and performance of the acquired business; the sustainability of demand in the semiconductor industry, which is subject to many factors, including global economic conditions, business and consumer spending, demand for electronic products, and geopolitical uncertainties; customers' wafer starts; Applied's ability to develop, deliver and support a broad range of products and expand its markets and develop new markets; and other risks described in Applied's SEC filings. All forward-looking statements are based on management's estimates, projections and assumptions as of November 9, 2007, and Applied undertakes no obligation to update any such statements.
Applied Materials, Inc. (Nasdaq: AMAT) is the global leader in Nanomanufacturing Technology(TM) solutions with a broad portfolio of innovative equipment, service and software products for the fabrication of semiconductor chips, flat panel displays, solar photovoltaic cells, flexible electronics and energy efficient glass. At Applied Materials, we apply Nanomanufacturing Technology to improve the way people live. Learn more at www.appliedmaterials.com.
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