Ultra Clean Holdings (UCTT) to Acquire American Integration Technologies in $99M Deal
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Ultra Clean Holdings, Inc. (Nasdaq: UCTT), has signed a merger agreement with American Integration Technologies, LLC d/b/a Advanced Integration Technologies (AIT), also a supplier of critical subsystems to the semiconductor capital equipment, medical, energy, industrial and aerospace industries. By combining with AIT, UCTT further expands its capabilities, adds new customer relationships in its target markets, and expands its footprint with its existing customers. At the same time, this will enhance Asian manufacturing and global expansion opportunities for AIT and its customers.
UCTT will pay a purchase price of approximately $99 million, subject to customary closing conditions, including expiration or termination of the waiting period under the Hart Scott Rodino Act. The transaction is expected to close on June 30, 2012, subject to satisfaction of the foregoing conditions. The consideration will consist of $74 million in cash and 4.5 million shares of UCTT common stock. The consideration is subject to a post-closing balance sheet adjustment.
Needham & Company, LLC served as a financial advisor to UCTT on this transaction. Dougherty & Company, LLC served as a co-advisor and provided a fairness opinion to the board of directors.
UCTT will pay a purchase price of approximately $99 million, subject to customary closing conditions, including expiration or termination of the waiting period under the Hart Scott Rodino Act. The transaction is expected to close on June 30, 2012, subject to satisfaction of the foregoing conditions. The consideration will consist of $74 million in cash and 4.5 million shares of UCTT common stock. The consideration is subject to a post-closing balance sheet adjustment.
Needham & Company, LLC served as a financial advisor to UCTT on this transaction. Dougherty & Company, LLC served as a co-advisor and provided a fairness opinion to the board of directors.
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