SAN JOSE, Calif. Metrology-equipment specialist Nanometrics Inc. has signed a definitive agreement to acquire Accent Optical Technologies Inc., a supplier of process control and metrology systems, for $80.9 million in stock.
The combination of Nanometrics and Accent will create one of the largest metrology and process control companies in the semiconductor capital equipment industry, with trailing annual revenues totaling more than $110 million in 2005.
Under the terms, Nanometrics will issue approximately 5.0 million shares of its common stock for all outstanding Accent stock. Nanometrics will also assume approximately $10.6 million in net debt obligations of Accent.
John Heaton, president and chief executive of Nanometrics, will continue to assume those titles for the combined company, which will be known as Nanometrics. Bruce Rhine, currently chairman and chief executive of Accent, will become the chief strategy officer of Nanometrics. The combined company will be headquartered at Nanometrics’ existing headquarters in Milpitas, Calif.
“The combination of Nanometrics and Accent creates one of the largest independent metrology companies in the semiconductor industry,” Heaton said in a statement.
“Nanometrics is already the leader in integrated metrology, and the acquisition of Accent will expand our market position in each of our primary stand-alone metrology segments,” he said. “Accent is particularly strong in overlay metrology. Accent’s technology will also strengthen our position in optical CD and non-metal thin film metrology.”