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KLA-Tencor to Acquire ADE Corporation; Leader in Semiconductor Yield Management and Process Control to Acquire Leader in Bare-Wafer Metrology and Inspection.

Publication: Business Wire
Publication Date: 23-FEB-06 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
SAN JOSE, Calif. and WESTWOOD, Mass. -- KLA-Tencor Corporation (NASDAQ: KLAC) and ADE Corporation (NASDAQ: ADEX) today jointly announced that they have signed a definitive agreement for KLA-Tencor to acquire ADE in a stock-for-stock transaction valued at approximately $488 million based on the closing price of KLA-Tencor on February 22, 2006.

"This combination will allow us to use the significant industry presence of KLA-Tencor to accelerate the growth and development of new products within the semiconductor device area while also providing us with access to its world-wide semiconductor customer base," said Dr. Chris L. Koliopoulos, ADE's CEO and president. "Our current customers in the bare silicon wafer manufacturing industry will also gain access to a broader portfolio of defect inspection and metrology solutions."

According to KLA-Tencor's Chief Executive Officer Rick Wallace, "This acquisition is in line with our strategy to expand into adjacent markets with solid growth prospects. ADE is a well-managed company that has built a strong position in the bare-wafer market."...

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