ANDOVER, MA -- MKS Instruments today announced the completion of the previously announced acquisition of Atotech for approximately $4.4 billion in cash and MKS common stock.

The combed company had pro forma revenue of $4.5 billion for the 12 months ended Jun. 30.

As a result of higher interest rates on debt financing compared to the time the transaction was originally announced in July 2021, as well as the impact of the current macroeconomic and inflationary environment on our business, MKS currently anticipates the acquisition will be accretive to non-GAAP diluted net earnings per share for the full fiscal year 2024.

Atotech is a global leader in process chemicals, equipment, software and services for printed circuit boards, semiconductor IC packaging, and surface finishing.

“The acquisition of Atotech positions MKS to accelerate roadmaps for future generations of advanced electronics devices,” said John T.C. Lee, president and CEO, MKS. “By combining leading capabilities in lasers, optics, motion and now process chemistry, MKS is set to be a leader in the next frontier for miniaturization and complexity. Atotech’s leadership in functional and decorative surface finishing will also extend MKS’ product offering for industrial applications and grow our market reach. I could not be more excited to welcome the Atotech team to the MKS family.”

The final dot to cross in the acquisition was finished Aug. 15 when the Royal Court of Jersey issued a court order sanctioning the acquisition.

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