SAN JOSE, Calif. -- Continuing on its acquisition spree, KLA-Tencor Corp. has entered into an agreement to acquire the inspection business unit of Vistec Semiconductor Systems Inc.
The unit is wholly owned by Golden Gate Capital, a San Francisco-based private equity firm. The inspection business unit of Vistec is headquartered in Weilburg, Germany. It provides advanced semiconductor mask and wafer manufacturing systems. Financial terms of the transaction were not disclosed.
Vistec's inspection business unit is one of three active operations within Vistec Semiconductor Systems, which was formerly a part of Leica Microsystems and took on its current name in 2006.
Meanwhile, the acquisition expands KLA-Tencor's product portfolio. Vistec's advanced mask metrology tools for registration metrology are among the leading products in this area. Other Vistec products include macro defect-inspection systems, overlay-measurement systems for MEMS applications, and software packages for defect classification and data analysis.
''The Microelectronic Inspection Equipment division of Vistec not only complements KLA-Tencor's product portfolio, it will give us an opportunity for growth into new segments of the mask and wafer markets,'' said Rick Wallace, CEO of KLA-Tencor, in a statement.
The transaction is subject to customary closing conditions, including regulatory approvals, and is expected to close before the end of calendar year 2008.
KLA-Tencor continues to buy companies at an alarming rate. In 2006, KLA-Tencor completed its acquisition of ADE Corp., a supplier of silicon wafer inspection gear. The transaction was valued at approximately $474 million.
Last year, KLA-Tencor completed its acquisition of Therma-Wave Corp., a supplier of metrology gear.
Earlier this year, the company and ICOS Vision Systems Corp. NV jointly announced an agreement under which KLA-Tencor will make a tender offer to acquire ICOS.
ICOS is a leading supplier of packaging and interconnect inspection solutions for the semiconductor industry, and has a market leadership position in the inspection of photovoltaic solar technologies and LED lighting products.