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ENTEGRIS INC 8-K Report, Acquisition Completed (Jun 25, 2018)

Filed June 25, 2018For Securities:ENTG

Summary

Entegris, Inc. (ENTG) announced on June 25, 2018, the successful completion of its acquisition of the gas purification business of SAES Getters S.p.A. This strategic acquisition, focused on the Pure Gas Business principally operated through SAES Pure Gas, Inc., was a cash transaction valued at approximately $355 million on a debt-free basis. The deal enhances Entegris's portfolio by integrating a significant gas purification operation, which is crucial for semiconductor manufacturing and other high-purity applications. This move is expected to strengthen Entegris's market position in advanced materials solutions, particularly in supplying critical components for the microelectronics industry. The acquisition includes operations in the United States and China, broadening the company's geographic reach and product offerings in a key growth area. Investors should view this acquisition as a significant step towards expanding Entegris's capabilities and market share in the semiconductor supply chain.

Key Highlights

  • 1Entegris, Inc. (ENTG) completed the acquisition of the gas purification business of SAES Getters S.p.A. on June 25, 2018.
  • 2The acquisition was valued at approximately $355 million in cash, on a debt-free basis.
  • 3The acquired business primarily operates under SAES Pure Gas, Inc. and includes assets and employees in the U.S. and China.
  • 4This transaction significantly enhances Entegris's capabilities in the critical gas purification sector.
  • 5The acquisition is expected to bolster Entegris's market position in providing solutions for the microelectronics industry.
  • 6The deal involved the acquisition of Pure Gas Colorado, Inc., a subsidiary of SAES Getters S.p.A.
  • 7Entegris announced the completion of the transaction via a press release filed with the SEC.

Frequently Asked Questions

Entegris acquired the gas purification business of SAES Getters S.p.A., which was principally operated through SAES Pure Gas, Inc. This included acquiring capital stock of Pure Gas Colorado, Inc. and indirectly acquiring assets and employees in the People's Republic of China related to the business.

Entegris paid approximately $355 million in cash for the gas purification business, on a debt-free basis, subject to customary purchase price adjustments.

This acquisition is strategically important as it significantly expands Entegris's capabilities in the critical gas purification sector, which is essential for semiconductor manufacturing and other high-purity applications. It is expected to strengthen the company's market position and product offerings in the microelectronics industry.

The acquired gas purification business includes operations primarily in the United States (through SAES Pure Gas, Inc.) and indirectly in the People's Republic of China.