SAN JOSE, Calif. - Zygo Corp., a provider of high precision optical components and optical metrology instruments, has entered into an agreement with ASML Holding NV to purchase substantially all the assets of ASML's Richmond, Calif.-based optics facility.
The purchase price being paid by Zygo is the net book value of the acquired assets, expected to be between $7-to-$10 million, including current work-in-process inventory. The acquisition, which is subject to certain closing conditions, is expected to close by mid-November 2010.
With this acquisition, Zygo will expand its optical manufacturing capabilities, with the addition of high precision optical machining and polishing equipment, aspheric lens manufacturing and diamond turning assets.
Zygo expects to hire key management and employees of ASML Optics Richmond and will operate the business in a 60,000 square-foot facility in Richmond, Calif.
ASML of the Netherlands acquired the unit after it bought SVG several years ago.