CHASKA, Minn.-- Entegris Inc. today announced it will acquire the fluid-handling product line of Nisso Engineering Co. Ltd. in Tokyo. The purchase will give Entegris NSE's product line of pumps, valves, and fittings as well as the rights to distribution of level sensors and related intellectual property.
"The proposed acquisition of their fluid handling component product line fits well with Entegris' strategy to increase our presence and market share in Taiwan and Japan," said Frank Sidell, president of Entegris. "It will provide the opportunity to fill out our product line and offer more materials integrity management solutions for our growing list of customers worldwide."
Revenues from NSE's fluid handling component products are expected to be about $10 million in the fiscal year, ending March 31, said Entegris, which supplies materials transport products and services to chip manufacturers.
The closing of the transaction is subject to a number of conditions, including completion of due diligence and government approvals. Terms of the purchase were not released.