SAN JOSE, Calif. -- Applied Materials Inc. has completed the acquisition of Baccini S.p.A., a supplier of automated metallization and test systems for manufacturing crystalline silicon solar cells.
The original deal was reported in November. Under the terms of the agreement, Applied (Santa Clara, Calif.) paid $334 million in cash for all of the outstanding shares of Baccini (Treviso,
Baccini will be integrated within Applied's Solar Business Group, headed by vice president Charles Gay. Applied's portfolio of solar-cell production technologies includes precision wafering, passivation layer deposition, automated wafer handling capabilities, and back-end-of-the-line processes.
''This acquisition is a key step in our goal to become the leading equipment supplier to the solar industry," said Mike Splinter, president and CEO of Applied Materials, in a statement.