PHOTON TECHNOLOGIES - K2019189213 - South Africa - B2BHint Was founded on April 12, 2019 with identification number K2019189213 based on 49 MODDERHILL ROAD, EDLEEN KEMPTON PARK, JOHANNESBURG, GAUTENG, 1619. ANDOVER, Mass., May 10, 2021 - (GLOBE NEWSWIRE) - MKS Instruments, Inc. (NASDAQ: MKSI) ('MKS'), a global provider of technologies that enable advanced processes and improve productivity, today announced that it has entered into a definitive agreement pursuant to which MKS will acquire Photon Control Inc. (TSX:PHO) for CAD$3.60 per share, in an a. white-space: -hp-pre-wrap; /* HP printers */ To access this and other valuable technical resources, please sign in or register for a new online account. These forward-looking statements are based on certain factors and assumptions, including, without limitation: the Companys ability to develop, manufacture and sell new products that meet the needs of its customers and gain commercial acceptance; the Companys ability to continue to sell its products in line with expected quantity, price and delivery times; the Companys ability to attract new business; continued and future demand for the Companys products; continued sales to the Companys major customers; the Companys operations not being adversely affected by supply, operating, cyber security, litigation or regulatory risks; the Companys ability to react to the cyclical nature of the semiconductor industry; the Companys ability to enhance revenue diversification and open new market opportunities; and, the Companys expectations regarding market risk, including interest rate changes, tax changes and foreign currency fluctuations. We also provide services relating to the maintenance and repair of our products, installation services and training. Randburg . Combining Atotech expertise in chemistry, along with MKS expertise in via drilling, can enable faster solutions with more features and functionality. ___________________1 The Company defines adjusted EBITDA as earnings before finance income, accretion expense, income taxes, depreciation, amortization and foreign exchange gain or loss. ANDOVER, Mass. The Company has focused on additional investment into product development and strengthening our research and development initiatives, improving our ability to service our existing client base, and exploring new market opportunities. We believe that Optimizing the Interconnect requires a cross collaboration of laser-based processing and advanced chemistry applications to meet rapidly evolving customer requirements. MKS Instruments acquires Photon Control - Spectroscopy Europe/World Details. All figures herein are stated in Canadian dollars. PCBs, packaged substrates and semiconductors are becoming increasingly complex as miniaturization is creating new challenges where reliability, productivity and peak performance are critical. These products improve performance and enable innovation for our customers and are used in the semiconductor and other high-technology industries. (2021-05-10 | NDAQ:MKSI) MKS Instruments Announces Agreement to Acquire Photon Control. Richmond-based Tech Company Photon Control Agrees to be Acquired by MKS Instruments for $387 Million in All Cash Transaction, Company Profile Echelon Capital Markets, financial advisor to Photon Control, has provided a fairness opinion to the board of directors of Photon Control that, subject to the assumptions, limitations and qualifications set out in such fairness opinion, the Consideration to be received by Photon Control shareholders pursuant to the Transaction is fair from a financial point of view to Photon Control shareholders. MKS Instruments ( MKSI) agreed to acquire Photon Control ( PHO) for approximately C$387 million. Our primary served markets include semiconductor, industrial technologies, life and health sciences, and research and defense. MKS management believes the presentation of Non-GAAP net earnings is useful to investors for evaluating the acquisition by MKS of Photon Control and the projected future operating and financial results of MKS. Overview of Transaction with MKS Key Transaction Highlights Photon Control shareholders to receive $3.60 per share in cash, representing an aggregate transaction value of approximately $387. Choose products to compare anywhere you see 'Add to Compare' or 'Compare' options displayed. These products improve performance and enable innovation for our customers and are used in the semiconductor and other high technology industries. Cookies are used to offer you a better browsing experience and to analyze our traffic. Gross margins were positively influenced by strong sales but were partially offset by a weakening US dollar relative to the Canadian dollar and additional investments made to increase our manufacturing capabilities as we manage our on-time delivery strategies and sales readiness. MKS Instruments, Inc. is a global provider of instruments, systems, subsystems and process control solutions that measure, monitor, deliver, analyze, power and control critical parameters of advanced manufacturing processes to improve process performance and productivity for our customers. Additionally, the current quarter included higher investment into research and development and sales and marketing efforts as key areas of the Company's strategic focus. 100 Employees In BC (100 Total) word-wrap: break-word; /* IE */ MKS also provides services relating to the maintenance and repair of its products, installation services and training. Key Transaction Highlights. We expect that our combined expertise and know-how across lasers, materials processing and the complex applications they support will provide opportunities for collaboration, innovation and continual ground-breaking solutions for our customers. | https://www.bctechnology.com, 2023 T-Net. Among the important factors that could cause actual events to differ materially from those in the forward-looking statements are the substantial indebtedness MKS incurred in connection with the Atotech acquisition and the need to generate sufficient cash flows to service and repay such debt; the terms of MKS' existing credit facilities, under which MKS incurred such debt; MKS entry into Atotechs chemicals technology business, in which MKS does not have experience and which may expose it to significant additional liabilities; the risk of litigation relating to the Atotech acquisition; unexpected costs, charges or expenses resulting from the Atotech acquisition; the risk that disruption from the Atotech acquisition materially and adversely affects the respective businesses and operations of MKS and Atotech; the ability of MKS to realize the anticipated synergies; cost savings and other benefits of the Atotech acquisition; including the risk that the anticipated benefits from the transaction may not be realized within the expected time period or at all; competition from larger or more established companies in MKS and Atotechs respective markets; the ability of MKS to successfully grow its business and the businesses of Atotech, Photon Control, which it acquired in July 2021, and Electro Scientific Industries, Inc., which it acquired in February 2019; potential adverse reactions or changes to business relationships resulting from the completion of the Atotech acquisition; conditions affecting the markets in which MKS and Atotech operate, including the fluctuations in capital spending in the semiconductor industry and other advanced manufacturing markets, and fluctuations in sales to MKS and Atotechs major customers; manufacturing and sourcing risks, including the impact and duration of supply chain disruptions, component shortages and price increases, and changes in global demand and the impact of the COVID-19 pandemic with respect to such disruptions, shortages and price increases; the ability to anticipate and meet customer demand; the challenges, risks and costs involved with integrating the operations of the companies we have acquired; potential fluctuations in quarterly results; dependence on new product development; rapid technological and market change; acquisition strategy; volatility of stock price; international operations; financial risk management; and the other factors described in MKS most recent Annual Report on Form 10-K and any subsequent Quarterly Reports on Form 10-Q, and the other filings we make with the U.S. Securities and Exchange Commission (the SEC) from time to time, including without limitation the Current Report on Form 8-K filed with the SEC on August 17, 2022. MKS Instruments has acquired Photon Control (PHO) for C$387 million in an all cash transaction Upon closing, Photon shareholders will receive $3.60 per share and the company's shares will be delisted from the TSX The transaction is scheduled to close on July 15, 2021 Also, earnings increased 9.4% to $2.56 per share, outpacing the consensus estimates of $2.20 per share. About MKS InstrumentsMKS Instruments, Inc. is a global provider of instruments, systems, subsystems and process control solutions that measure, monitor, deliver, analyze, power and control critical parameters of advanced manufacturing processes to improve process performance and productivity for our customers. All rights reserved. Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward looking statements, including, without limitation: risks related to the completion of the Arrangement; uncertainties relating to the market for the Companys products and maintaining a stable level of orders; fluctuations in revenue as a result of volatility in the markets and product mix; risks relating to the Companys present reliance on its major customers for the majority of its sales; risks relating to the Companys reliance on the financial health of and timing of cycles in the semiconductor industry; risks relating to the development of competing technologies and the possibility of increased competition; the effect of slow growth in the United States, the Companys principal market, as well as other economies and other economic trends and conditions in the markets that the Company and its customers serve; risks associated with the spread of the COVID-19 virus; risks associated with the adverse impact of climate change; risks associated with technical difficulties or delays in product introductions, improvements, implementation; uncertainties in product pricing or other initiatives of the Company and its competitors; uncertainties in factors that may result in a reduction in capital expenditures and/or delayed buying decisions affecting demand for the Companys products; risks relating to currency fluctuations, particularly between the Canadian and United States dollars; risks in pursuing additional development projects to support existing customers or pursue other business opportunities; and such other risks as are identified in the Companys Annual Information Form and other disclosure documents filed on SEDAR at www.sedar.com. Highlights for the first quarter ended March 31, 2021 were as follows: Total revenue for Q121 increased to $18.0 million (Q120: $17.3m, Q420: $14.9m) which represents a 4% increase over Q1 2020 and 21% from Q4 2020. The Company's revenues are strongly influenced by overall semiconductor capital expenditures on WFE as electronics and data become an increasing part of everyday life. Non-GAAP Financial MeasuresThis press release refers to forward-looking Non-GAAP net earnings, a financial measure that is not in accordance with U.S. generally accepted accounting principles (U.S. Electro-optic often is used erroneously as a synonym. Following the deal announcement, Rosenblatt Securities analyst Scott Graham maintained the stocks price target of $265 (44.5% upside potential) and a Buy rating. The tracer dose is very small, and you may feel a cold sensation as it enters your body. Atotech is committed to being innovative and environmentally conscious, while adapting to meet the needs of their customers worldwide, including 28 of the 30 leading PCB manufacturers. Additional information regarding the Arrangement and the procedure for exchange of Shares for the Consideration and payment of Consideration to optionholders is provided in the Companys management information circular in respect of the Meeting dated May 25, 2021, a copy of which is available on SEDAR under the Companys profile at www.sedar.com. overflow: none; Als u uw keuzes wilt aanpassen, klik dan op 'Privacyinstellingen beheren'. Net income for Q121 was $3.0 million, or $0.03 per share (Q120: $6.6m or $0.06 per share, Q420: $1.2m or $0.02 per share). 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, and the expected time of closing. The implementation of the Arrangement will be subject to the approval of at least 66 2/3% of the votes cast by Photon Control securityholders present in person or represented by proxy at the annual and special meeting of Photon Control securityholders, and the receipt of applicable approvals from the Supreme Court of British Columbia. The Arrangement was previously approved by Photon Control securityholders at the annual general and special meeting of securityholders held on June 29, 2021 (the Meeting). MKS believes that growing miniaturization and complexity in electronics drives the need for PCB and Packaging innovation. Atotech provides advanced technical solutions for the worlds surface-finishing industries through a combination of innovative chemistry and world-class equipment. Lees ons privacybeleid en cookiebeleid voor meer informatie over hoe we je persoonlijke gegevens gebruiken. First Floor Building 18, Fancourt Office Park, Cnr Northumberland Ave and Felstead Rd, North Riding . The latter is a manufacturer of fiber-optic measurement solutions used in semiconductor. Graham commented, Photon Control products add to MKSIs offering to wafer fab customers. The combined company will be better positioned to benefit from their respective capabilities to optimize the interplay between chemical processes and via drilling to help solve customer challenges on next-gen architectures. Greenhill & Co. is acting as financial advisor to MKS. The transaction is expected to be accretive to MKSNon-GAAP net earningswithinthe first12months post-closing. Finishing & Coating Magazine recently interviewed MKS President and CEO John T.C. The roadmap for next generation interconnects continues to accelerate the need for more integrated solutions that enable yield and throughput gains. | Source: 1 2, MKS | Photon Control Former Atotech shareholders may contact the exchange and paying agent AST Financial at +1 800 937-5449 or +1 718 921 8124 for share exchange information. Non-GAAP net earnings should be viewed in addition to, and notas a substitute for, GAAP net earnings, and may be different from Non-GAAP net earnings used by other companies. An application has also been made for the Company to cease to be a reporting issuer in the applicable jurisdictions. The Arrangement Agreement provides for, among other things, customary non-solicitation covenants from Photon Control, including customary "fiduciary out" provisions that allow Photon Control to accept a superior proposal in certain circumstances and a five-business day "right to match period" in favour of MKS. Non-GAAP net earnings should be viewed in addition to, and not as a substitute for, GAAP net earnings, and may be different from Non-GAAP net earnings used by other companies. MKS and Atotech have complementary customer solutions in key advanced electronics markets, with MKS expertise in via drilling and Atotechs expertise in electroplating and chemistry. For example, a high-density interconnect PCB in a mobile device has evolved over time. The cash outflow was primarily due to net cash used in operating activities of $3.5 million, of which, $5.0 million related to a payment to settle the Company's 2020 income taxes payable position. We expect that our combined expertise and know-how across lasers, materials processing and the complex applications they support will provide opportunities for collaboration, innovation and continual ground-breaking solutions for our customers. Photon Control Inc. designs, manufactures and distributes a wide range of optical sensors and systems to measure temperature and position. Among the important factors that could cause actual events to differ materially from those in the forward-looking statements are the failure or inability of Photon Control or MKS to meet the closing conditions, including obtaining necessary Photon Control securityholder and court approvals, or to otherwise consummate the transaction, the ability to successfully operate or integrate the Photon Control business into MKS, the ability to retain and integrate Photon Control employees into MKS, the 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. This, in turn, should shorten development time for optimum chemical recipes, allowing faster time to market. VANCOUVER, British Columbia, July 15, 2021 (GLOBE NEWSWIRE) -- Photon Control Inc. (" Photon Control " or the " Company ") (TSX: PHO), a leading developer and supplier of optical. These statements generally can be identified by use of forward-looking words such as "may", "will", "could", "would", "should", "might", "expect", "estimate", "anticipate", "intend", "consider", "believe", "plan", "project", "assume", "strategy", "goals", "objectives", "potential", "possible", "confident" or "continue" or the negative thereof or similar variations. SPECT scans involve two steps: receiving a radioactive injection (called a tracer) and using a SPECT machine to scan a specific area of your body.. MKS Instruments, Inc. has entered into a definitive agreement to acquire Photon Control Inc. for CAD$3.60 per share, in an all-cash transaction valued at approximately CAD$387 million. By checking this box, you agree to receive our newsletters, announcements, and marketing offers in accordance with ourprivacy policy. Our products are derived from our core competencies in pressure measurement and control, flow measurement and control, gas and vapor delivery, gas composition analysis, electronic control technology, reactive gas generation and delivery, power generation and delivery, vacuum technology, lasers, photonics, optics, precision motion control, vibration control and laser-based manufacturing systems solutions. Cash and cash equivalents at March 31, 2021 were $44.2 million (December 31, 2020: $48.4m). Actual events or results may differ materially from those in the forward-looking statements set forth herein. Atotech will be a separate division within MKS the Materials Solutions Division and will continue to focus on delivering outstanding solutions to its customers. -- MKS Instruments, Inc.(NASDAQ: MKSI) ("MKS"), a global provider of technologies that enable advanced processes and improve productivity, today announced that it has entered into a definitive agreement pursuant to which MKS will acquire Photon Control Inc. (TSX:PHO) for CAD$3.60 per share, in an all-cash transaction valued at approximately CAD$387 million, with an estimated enterprise value of CAD$343 million. | These changes have also made it possible for smartphone makers to build in larger batteries while delivering thinner form factors. Should underlying assumptions prove to be incorrect or one or more of these risks and uncertainties materialize, actual results may vary materially from those described in the forward-looking statements. MKS Instruments, Inc. ANDOVER, Mass., May 10, 2021 (GLOBE NEWSWIRE) -- MKS Instruments, Inc. (NASDAQ:MKSI) (MKS), a global provider of technologies that enable advanced processes and improve productivity,today announced thatit hasentered into a definitiveagreementpursuant to whichMKSwillacquirePhotonControl Inc.(TSX:PHO)forCAD$3.60per share,in an all-cash transactionvalued atapproximatelyCAD$387 million, with an estimated enterprise value ofCAD$343million. Company Profile Changes and Updates July 15, 2021 ANDOVER, Mass., July 15, 2021 (GLOBE NEWSWIRE) MKS Instruments, Inc. ( NASDAQ: MKSI), 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 ). For the reasons set forth above, readers should not place undue reliance on forward-looking statements. Our primary served markets include semiconductor, industrial technologies, life and health sciences, and research and defense. Seperately, the company inked an arrangement agreement with MKS Instruments (MKSI-3.1%) a global . Photon Control Agrees to be Acquired by MKS - Financial Post Should underlying assumptions prove to be incorrect or one or more of these risks and uncertainties materialize, actual results may vary materially from those described in the forward-looking statements. Richmond, BC, May 12, 2021-- (T-Net)-- Photon Control Inc. (TSX: PHO), a leading manufacturer of fiber optic measurement solutions, announced today that it has entered into an arrangement agreement with MKS Instruments, Inc. (NASDAQ: MKSI), a global provider of instruments, systems, subsystems and process control solutions based in Andover, Mass. Name PHOTON TECHNOLOGIES. The decrease for the quarter was primarily due to an increase in contingent consideration as a result of higher forecasted revenues, investment in product development and sales and marketing costs for servicing our customers to maintain and leverage the revenue momentum gained from a successful 2020 year. 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. ITT acquires Micro-Mode Products ITT Inc. has acquired privately held Micro-Mode Products (Micro-Mode) for approximately USD 80 million, which closed on May 2. Follow Company, All Cash Transaction Values the Company at approximately $387 million. Choose products to compare anywhere you see 'Add to Compare' or 'Compare' options displayed. 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. This will be a long process and we appreciate your patience as we work through the different phases. Photon Control Inc.definesAdjusted EBITDAas earnings before finance income, accretion expenseon contingent consideration, income taxes, depreciationof property and equipment, amortizationof intangible assetsand foreign exchange loss. By continuing to use our service, you agree to our use of cookies. GMF also provides chemical processes for 5G applications and for renewable energies, such as solar and wind turbines. In an all-cash transaction valued at approximately CAD$387 million (US$321million). At this time, you will not see any changes. We also have a dedicated staffed integration team to support a formal and healthy integration. Photon Control is headquartered in Richmond, British Columbia, Canada and had revenues of CAD$65 million and Adjusted EBITDA of CAD$23 million in 2020. All Rights Reserved. Photon Control. Richmond, BC Lee. These items are uncertain, depend on various factors, and could have a material impact on U.S. GAAP reported results for the relevant period. MKS Instruments, Inc. is a global provider of instruments, systems, subsystems and process control solutions that measure, monitor, deliver, analyze, power and control critical parameters of advanced manufacturing processes to improve process performance and productivity for its customers. These smaller geometries and greater density have been vital to enabling more functionality in our phones, such as more cameras, microphones, facial recognition, LiDAR front camera, 5G antennas, and more. "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. Actual events or results may differ materially from those in the forward-looking statements set forth herein. Please refer to "Non-GAAP Measures" in Photon Control Inc.'s annual management's discussion and analysis for the year ended December 31, 2020 for a discussion of Non-GAAP measures used by Photon Control Inc., and to "December 2020 Financial Performance Overview - Net Income and Adjusted EBITDA" for a reconciliation of Photon Control Inc.'s Adjusted EBITDA to net income. Photon Control Inc. defines Adjusted EBITDA as earnings before finance income, accretion expense on contingent consideration, income taxes, depreciation of property and equipment, amortization of intangible assets and foreign exchange loss. The roadmap for next generation interconnects continues to accelerate the need for more integrated solutions that enable yield and throughput gains. Asstech Process Electronics + Instrumentation - Randburg - Infoisinfo MKS Instruments acquires Photon Control (TSX:PHO) Future downloads will be available automatically. After careful deliberation, the Special Committee and the Company's Board of Directors have unanimously concluded that the Transaction is fair to the Company's securityholders from a financial point of view and is in the best interests of the Company and its employees.". In addition, Photon Control is a strong strategic fit with similar culture and vision to MKS.. By checking this box, you agree to receive our newsletters, announcements, and marketing offers in accordance with ourprivacy policy. width: 190px; MKS products are derived from its core competencies in pressure measurement and control, flow measurement and control, gas and vapor delivery, gas composition analysis, electronic control technology, reactive gas generation and delivery, power generation and delivery, vacuum technology, lasers, photonics, optics, precision motion control, vibration control and laser-based manufacturing systems solutions. -- MKS Instruments, Inc. (NASDAQ: MKSI) ("MKS"), a global provider of technologies that enable advanced processes and improve productivity, today announced that it has entered into a definitive agreement pursuant to which MKS will acquire Photon Control Inc. (TSX:PHO) for CAD$3.60 per share, in an all-cash transaction valued at ap. These statements are only predictions based on current assumptions and expectations. In addition, there is no overlap with Atotechs General Metal Finishing (GMF) business, which in turn will bring new opportunities to MKS in industrial markets. ANDOVER, Mass. MKS and Atotech have complementary customer solutions in key advanced electronics markets, with MKS expertise in via drilling and Atotech in electroplating and chemistry. These statements are only predictions based on current assumptions and expectations. Photon Control Inc. is listed on the TSX, trading under the symbol PHO. Additional information about the Company can be found at https://www.photoncontrol.com/investors/. As soon as practicable after the closing of the acquisition, Atotech shareholders will receive $16.20 in cash and 0.0552 of a share of MKS common stock for each Atotech ordinary share. 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. The latter is a manufacturer of fiber-optic measurement solutions used in semiconductor wafer fabrication. To access this and other valuable technical resources, please sign in or register for a new online account. No, there are no changes to the current product offerings or long-term product roadmaps on day one. The Arrangement is expected to close during the third quarter of 2021. The roadmap for next generation interconnects continues to accelerate the need for more integrated solutions that enable yield and throughput gains. Atotech brings leading Process Chemistry and Equipment expertise to MKS, which has leading via drilling expertise (laser-material-interaction expertise). Expands Technology Solutions for Key Customers in Semiconductor Market Acquiring a Leader in Optical Sensors for Temperature Control used in Semic. Wanneer u onze sites en apps gebruikt, gebruiken we, gebruikers authenticeren, veiligheidsmaatregelen toepassen en spam en misbruik voorkomen, en, gepersonaliseerde advertenties en content weergeven op basis van interesseprofielen, de effectiviteit meten van gepersonaliseerde advertenties en content, en, onze producten en services ontwikkelen en verbeteren.
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