MKS Instruments Announces Closing of Photon Control Acquisition
ANDOVER, Mass., July 15, 2021 (GLOBE NEWSWIRE) -- MKS Instruments, Inc. (NASDAQ: MKSI) (“MKS”), a global provider of technologies that enable advanced processes and improve productivity, today announced the completion of its previously announced acquisition of Photon Control Inc. (TSX:PHO).
“We?anticipate the acquisition will further advance the MKS strategy to enhance our?Surround the Chamber®?offering by adding optical sensors for temperature control for critical etch and deposition applications in semiconductor wafer fabrication," said MKS?President and?CEO?John T.C. Lee. “In addition, Photon Control is a strong strategic fit with similar culture and vision to MKS.”?
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SAFE HARBOR FOR FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 regarding the future financial performance, business prospects and growth of MKS. These statements are only predictions based on current assumptions and expectations. Any statements that are not statements of historical fact (including statements containing the words “will,” “projects,” “intends,” “believes,” “plans,” “anticipates,” “expects,” “estimates,” “forecasts,” “continues” and similar expressions) should be considered to be forward-looking statements. Actual events or results may differ materially from those in the forward-looking statements set forth herein. Among the important factors that could cause actual events to differ materially from those in the forward-looking statements are our ability to successfully operate or integrate the Photon Control business into MKS, our ability to retain and integrate Photon Control employees into MKS, our ability to realize the expected benefits of the acquisition, and the other factors described in MKS’ Annual Report on Form 10-K for the year ended December 31, 2020 and any subsequent Quarterly Reports on Form 10-Q, as filed with the SEC. MKS is under no obligation to, and expressly disclaims any obligation to, update or alter these forward-looking statements, whether as a result of new information, future events or otherwise after the date of this press release.