Market Overview

Veeco to Acquire Synos Technology

Veeco Instruments Inc. (Nasdaq: VECO) today announced that it has signed
an agreement to acquire privately held Synos Technology, Inc. (“Synos”).
Synos designs and manufactures Fast Array Scanning™ Atomic Layer
Deposition (FAST-ALD™) systems that are enabling the production of
flexible organic light-emitting diode (OLED) displays for mobile devices.

“We have found a great fit to add to Veeco's technology portfolio and
expand our growth opportunities,” said John R. Peeler, Veeco's Chairman
and Chief Executive Officer. “Synos is an early stage company with big
growth potential. We believe that their fast array scanning ALD
technology for thin film encapsulation layers will remove the primary
barrier to adoption of flexible OLED displays, helping make unbreakable,
light-weight mobile

See full press release

Posted-In: News Guidance Contracts Management M&A Global

 

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