• Login
    • Join
  • FOLLOW:
  • Subscribe Free
    • Magazine
    • eNewsletter
    Checkout
    • Magazine
    • News
    • Printed Electronics
    • Raw Materials
    • Equipment
    • Services
    • Suppliers Guide
    • Resources
    • More
  • Magazine
  • News
  • Printed Electronics
  • Raw Materials
  • Equipment
  • Services
  • Suppliers Guide
  • Resources
  • Current & Past Issues
    Features
    Editorials
    Digital Edition
    Subscribe Now
    Advertise Now
    eNewsletter Archive
    Our Team
    Editorial Guidelines
    Breaking News
    Experts Opinion
    Financial News
    Manufacturers News
    Mergers and Acquisitions
    Online Exclusives
    Personnel
    Product Releases
    Suppliers News
    Live From Shows
    Displays and Lighting
    Photovoltaics
    Printed Batteries
    Printed Circuit Boards/Membrane Switches/In Mold Electronics
    Flexible and Printed Electronics
    RFID and NFC
    Sensors and Wearables
    Smart Cards and Packaging
    Touch Screens
    Adhesives, Barriers and Encapsulants
    Chemicals, Metals and Powders
    Conductive Inks and Coatings
    Electronic Materials
    Film, Paper, Glass and Substrates
    Graphene, Perovskites and Carbon Nanotubes
    Nanomaterials
    Printed Electronic Components
    Research Reports
    Semiconductors and Quantum Dots
    Energy Curing Equipment
    Lab and Testing Equipment
    Manufacturing Equipment
    Printing Equipment
    3D Printing
    Contract Manufacturing Services
    Product Design and Testing
    Research and Consulting
    Research Institutions
    Research Reports
    Universities
    Equipment
    All Companies
    Materials
    Categories
    Converting
    Printed Electronics Systems
    Associations
    Research and Services
    Used Machinery
    Add New Company
    Industry Events
    Live from show events
    Podcasts
    Videos
    Blogs
    Slideshows
    Infographics
    Webinars
    Whitepapers
    Equipment and Services
    Glossary
    • Magazine
      • Current & Past Issues
      • Features
      • Editorial
      • Columns
      • Digital Edition
      • eNewsletter Archive
      • Editorial Guidelines
      • Subscribe Now
      • Advertise Now
    • Breaking News
    • Suppliers Guide
      • Suppliers Guide
      • Add Your Company
    • Printed Electronics
      • Photovoltaics
      • Printed Batteries
      • Printed Circuit Boards/Membrane Switches/In Mold Electronics
      • Flexible and Printed Electronics
      • RFID and NFC
      • Sensors and Wearables
      • Smart Cards and Packaging
      • Touch Screens
    • Raw Materials
      • Adhesives, Barriers and Encapsulants
      • Chemicals, Metals and Powders
      • Conductive Inks and Coatings
      • Electronic Materials
      • Film, Paper, Glass and Substrates
      • Graphene, Perovskites and Carbon Nanotubes
      • Nanomaterials
      • Semiconductors and Quantum Dots
    • Equipment
      • Energy Curing Equipment
      • Lab and Testing Equipment
      • Manufacturing Equipment
      • Printing Equipment
      • 3D Printing
    • Services
      • Contract Manufacturing Services
      • Product Design and Testing
      • Research and Consulting
      • Research Institutions
      • Research Reports
      • Universities
    • Online Exclusives
    • Slideshows
    • Blog
    • Videos
    • Podcasts
    • Infographics
    • Events
      • Industry Events
      • Live from show events
      • Webinars
    • About Us
      • About Us
      • Contact Us
      • Advertise With Us
      • Privacy Policy
      • Terms of Use
    Breaking News

    Entegris, Versum Materials to Combine in $9 Billion Merger of Equals

    Results in financial strength with pro forma sales of approximately $3 billion and adjusted EBITDA of approximately $1 billion for 2018.

    Entegris, Versum Materials to Combine in $9 Billion Merger of Equals
    Related CONTENT
    • Merck KGaA Reports Record Results in Turbulent Year
    • Merck KGaA Reports Strong 3Q 2020
    • Merck KGaA Submits All-Cash Proposal to Acquire Versum
    • America Today Selects Nedap’s RFID Solution
    • Meyer Burger Divests Wafering Business to Precision Surfacing Solutions
    02.28.19
    Entegris, Inc., a leader in specialty chemicals and advanced materials solutions for the microelectronics industry, and Versum Materials, Inc., a leading specialty materials supplier to the semiconductor industry, announced that they have agreed to combine in a merger of equals. The combined company will be a premier specialty materials company for the semiconductor and other high-tech industries.
     
    Under the terms of the agreement, which was unanimously approved by the Boards of Directors of both companies, Versum Materials stockholders will receive 1.120 shares of Entegris for each existing Versum Materials share. Upon completion of the merger, Entegris stockholders will own 52.5% and Versum Materials stockholders will own 47.5% of the combined company.
     
    The combined company will have a pro forma enterprise value of approximately $9 billion, based on the closing prices of Entegris and Versum Materials on Jan. 25, 2019, and approximately $3 billion in revenue and approximately $1 billion in adjusted EBITDA on a pro forma basis for the calendar year 2018.
     
    The combined company will retain the Entegris name and will be headquartered in Billerica, MA, and will maintain a strong operational presence in Tempe, AZ.
     
    Upon closing of the transaction, Entegris CEO Bertrand Loy will serve as CEO, Entegris CFO Greg Graves will serve as CFO, and Versum Materials general counsel Michael Valente will serve as general counsel of the combined company.
     
    The combined company’s Board of Directors will have nine members, consisting of four directors from the existing Versum Materials board, including Seifi Ghasemi, chairman of the Versum Materials board, who will serve as chairman of the board of the combined company, and five directors from the existing Entegris board, including Loy.
     
    “The combined company will be ideally positioned to more effectively help our customers achieve higher yields and new levels of performance and reliability, and together, we will be well positioned to take advantage of long-term secular semiconductor growth and to tackle new industry process challenges,” Loy said.
     
    “We could not ask for a better partner in Entegris,” Novo said. “This merger will create greater benefits and growth opportunities than either company could have achieved on its own. It dramatically accelerates our goal of portfolio diversification – creating an end-to-end materials solutions provider across the entire semiconductor manufacturing process. With enhanced global scale and world-class technical expertise, we’ll be poised to drive further innovation and support investments across our technology, infrastructure, and additional capabilities – enabling us both to better serve our customers and provide expanded opportunities for our employees.”
     
    The transaction is expected to close in the second half of 2019, subject to the satisfaction of customary closing conditions, including receipt of US and international regulatory approvals, and approval by the stockholders of each company.
    Related Searches
    • chemicals
    • semiconductor
    • inc
    • versum materials
    Suggested For You
    Merck KGaA Reports Record Results in Turbulent Year Merck KGaA Reports Record Results in Turbulent Year
    Merck KGaA Reports Strong 3Q 2020 Merck KGaA Reports Strong 3Q 2020
    Merck KGaA Submits All-Cash Proposal to Acquire Versum Merck KGaA Submits All-Cash Proposal to Acquire Versum
    America Today Selects Nedap’s RFID Solution	America Today Selects Nedap’s RFID Solution
    Meyer Burger Divests Wafering Business to Precision Surfacing Solutions Meyer Burger Divests Wafering Business to Precision Surfacing Solutions
    Versum Participates in 23rd Annual ARC Industry Forum Versum Participates in 23rd Annual ARC Industry Forum
    Better Explanation of Coalescence-Related Defects Receives Journal Spotlight Better Explanation of Coalescence-Related Defects Receives Journal Spotlight
    Merck KGaA Brings New Technologies to CES Merck KGaA Brings New Technologies to CES
    SEMI Welcomes Efforts to Reduce US-China Trade Tensions SEMI Welcomes Efforts to Reduce US-China Trade Tensions
    EU Commission Flagship Projects Gather at ICT Vienna EU Commission Flagship Projects Gather at ICT Vienna
    Versum Names Meili Chen VP, Human Resources Versum Names Meili Chen VP, Human Resources

    Related Breaking News

    • Breaking News | Displays and Lighting | Electronic Materials | Financial News | Semiconductors and Quantum Dots | Suppliers News
      Merck KGaA Reports Record Results in Turbulent Year

      Merck KGaA Reports Record Results in Turbulent Year

      Sales increased by 8.6% to €17.5 billion; EBITDA pre jumps 18.6% to €5.2 billion.
      03.04.21

    • Breaking News | Displays and Lighting | Electronic Materials | Financial News | Semiconductors and Quantum Dots
      Merck KGaA Reports Strong 3Q 2020

      Merck KGaA Reports Strong 3Q 2020

      Group net sales increased by 9.7% to €4.4 billion compared to 3Q 2019.
      Printed Electronics Now Staff 11.17.20

    • Breaking News | Mergers and Acquisitions | Semiconductors and Quantum Dots
      Merck KGaA Submits All-Cash Proposal to Acquire Versum

      Merck KGaA Submits All-Cash Proposal to Acquire Versum

      Company says $48 per share proposal represents a premium to current value of Entegris’ all-stock proposal.
      02.28.19


    • Breaking News | RFID and NFC
      America Today Selects Nedap’s RFID Solution

      America Today Selects Nedap’s RFID Solution

      First RFID rollout on the Dutch retail market.
      02.20.19

    • Breaking News | Manufacturing | Mergers and Acquisitions | Semiconductors and Quantum Dots
      Meyer Burger Divests Wafering Business to Precision Surfacing Solutions

      Meyer Burger Divests Wafering Business to Precision Surfacing Solutions

      Parts of Meyer Burger’s production facilities in Thun and approximately 100 employees will also be transferred to PSS.
      02.08.19

    Loading, Please Wait..
    Breaking News
    • NREL Scientists Explore How to Make PV Even Greener
    • ams OSRAM Announces Closing of Sale of AMLS Business to Plastic Omnium
    • Confidex’s Carrier Dual Delivers Shared RAIN RFID and NFC Memory
    • Weekly Recap: eMagin, Identiv, and Japan Display Top This Week’s Stories
    • Epishine is Building a New Solar Cell Factory in Linköping, Sweden
    View Breaking News >
    CURRENT ISSUE

    Winter 2021

    • Printed Electronics Now’s International Suppliers’ Directory
    • The Automotive Market and Flexible and Printed Electronics
    • Flexible and Printed Electronics in Healthcare
    • Flexible and Printed Electronics Make Gains in Smart Packaging
    • PAPERONICS: Low-cost multisensory paper and packaging applications
    • View More >

    Cookies help us to provide you with an excellent service. By using our website, you declare yourself in agreement with our use of cookies.
    You can obtain detailed information about the use of cookies on our website by clicking on "More information”.

    • About Us
    • Privacy Policy
    • Terms And Conditions
    • Contact Us

    follow us

    Subscribe
    Nutraceuticals World

    Latest Breaking News From Nutraceuticals World

    CRN Announces New Staff Appointments
    Food Supplements Europe: Most Consumers Use Dietary Supplements Safely
    True Westfjords Launches Dropi Cod Liver Oil Tonic
    Coatings World

    Latest Breaking News From Coatings World

    Waterborne Symposium Issues 2023 Call for Papers
    JNS-SmithChem Acquires Gulf Coast Chemical in Tampa, Florida
    Teknos Makes its Coatings with Help of Solar Power in Rajamäki, Finland
    Medical Product Outsourcing

    Latest Breaking News From Medical Product Outsourcing

    3M to Shed Neoplast, Neobun Brands
    FDA OKs Ra Medical Systems' DABRA 2.0 Catheter
    Hyperfine Leader Dave Scott to Step Down
    Contract Pharma

    Latest Breaking News From Contract Pharma

    TCG Lifesciences Inaugurates New R&D Facility in Pune
    Fujifilm Investing $1.6B to Expand Cell Culture Manufacturing Services
    Sharp Expands Clinical Services Operations at Heerenveen Facility
    Beauty Packaging

    Latest Breaking News From Beauty Packaging

    Kevyn Aucoin Beauty To Launch Contour Eyeshadow Palettes
    Junoco Promotes #ToBeHuman Campaign
    Old Spice and Arby’s Launch Limited-Edition Meat Sweat Defense Kit
    Happi

    Latest Breaking News From Happi

    Sustainability Expert Aris Vrettos Joins Croda
    PCA Skin Introduces New Pigment Gel Pro Dark Spot Treatment
    Deadline Nears for NJ Recycled Content Law
    Ink World

    Latest Breaking News From Ink World

    BASF Venture Capital Invests in Climentum Capital’s First Fund
    JNS-SmithChem Acquires Tampa-Based Gulf Coast Chemical
    Quad Added to Membership of US Small-Cap Russell 2000 Index
    Label & Narrow Web

    Latest Breaking News From Label & Narrow Web

    Optimum Group acquires Labelco
    Provident announces appointment of Jake Garner
    APR announces VP promotions
    Nonwovens Industry

    Latest Breaking News From Nonwovens Industry

    Heartland Polymers Begins Polypropylene Production in Alberta
    Malowaniec Receives Lifetime Achievement Award from EDANA
    Weekly Recap: Lifetime Technical Achievement Award Presented to Richard Knowlson, Alkegen Completes Luyang Acquisition & More
    Orthopedic Design & Technology

    Latest Breaking News From Orthopedic Design & Technology

    No Revisions, Few Complications for Exactech's Total Ankle System
    SpineX Begins SCONE Clinical Trial
    First Patient Enrolled in BioRestorative Therapies' Chronic Lumbar Disc Disease Trial
    Printed Electronics Now

    Latest Breaking News From Printed Electronics Now

    NREL Scientists Explore How to Make PV Even Greener
    ams OSRAM Announces Closing of Sale of AMLS Business to Plastic Omnium
    Confidex’s Carrier Dual Delivers Shared RAIN RFID and NFC Memory

    Copyright © 2022 Rodman Media. All rights reserved. Use of this constitutes acceptance of our privacy policy The material on this site may not be reproduced, distributed, transmitted, or otherwise used, except with the prior written permission of Rodman Media.

    AD BLOCKER DETECTED

    Our website is made possible by displaying online advertisements to our visitors.
    Please consider supporting us by disabling your ad blocker.


    FREE SUBSCRIPTION Already a subscriber? Login