NIGEL HUNTON,PRESIDENT, CEO AND DIRECTOR. Yes, opt-in. These statements are only predictions based on current assumptions and expectations. The implementation of the Arrangement will be subject to the approval of at least 66 2/3% of the votes cast by Photon Control securityholders present in person or represented by proxy at the annual and special meeting of Photon Control securityholders, and the receipt of applicable approvals from the Supreme Court of British Columbia. Links. Yes, customers will be able to purchase Atotech products just as before and you should expect the same levels of service and support you have come to expect from Atotech. Should underlying assumptions prove to be incorrect or one or more of these risks and uncertainties materialize, actual results may vary materially from those described in the forward-looking statements. Customer focus is a top priority for MKS and Atotech. Photon Control is headquartered in Richmond, British Columbia, Canada and had revenues of CAD$65 million and Adjusted EBITDA of CAD$23 million in 2020. Non-GAAP net earnings should be viewed in addition to, and not as a substitute for, GAAP net earnings, and may be different from Non-GAAP net earnings used by other companies. --MKS Instruments, Inc., a global provider of technologies that enable advanced processes and improve productivity, today announced that it has entered into a definitive agreement pursuant to . Gross margins were positively influenced by strong sales but were partially offset by a weakening US dollar relative to the Canadian dollar and additional investments made to increase our manufacturing capabilities as we manage our on-time delivery strategies and sales readiness. MKS Instruments to acquire Photon Control | Seeking Alpha MKS primary served markets include semiconductor, industrial technologies, life and health sciences, and research and defense. Je kunt je keuzes te allen tijde wijzigen door te klikken op de links 'Privacy- en cookie-instellingen' of 'Privacydashboard' op onze sites en in onze apps. MKS and Atotech have complementary customer solutions in key advanced electronics markets, with MKS expertise in via drilling and Atotech in electroplating and chemistry. SPECT scan - Mayo Clinic | Photon Control shareholders to receive $3.60 per share in cash, representing an aggregate transaction value of approximately $387 million The purchase price represents a premium of 26% to the 30-day volume weighted price of $2.87 per Photon Control common share Photon Control's . Login to view your complete order history. word-wrap: break-word; /* IE */ MKS also provides services relating to the maintenance and repair of its products, installation services and training. The British Columbia Supreme Court issued a final order approving the Arrangement on July 2, 2021. We initially estimate the deal will be 3% accretive to GAAP earnings.. Richmond, BC, May 12, 2021--(T-Net)--Photon Control Inc.(TSX: PHO), a leading manufacturer of fiber optic measurement solutions, announced today that it has entered into an arrangement agreement with MKS Instruments, Inc. (NASDAQ: MKSI), a global provider of instruments, systems, subsystems and process control solutions based in Andover, Massachusetts, pursuant to which MKS will acquire Photon Control for $3.60 per common share in an all-cash transaction valued at approximately $387 million. optoelectronics A sub-field of photonics that pertains to an electronic device that responds to optical power, emits or modifies optical radiation, or utilizes optical radiation for its internal operation. Together, MKS and Atotech will be well positioned to drive faster, better solutions for customers in advanced electronics. Wij, Yahoo, maken deel uit van de Yahoo-merkenfamilie. Cabcon Technologies (PTY) Ltd, Armoured and Unarmoured, Underfloor Heating, Electric Fence, Access Control, Security, South Africa is a Manufacture of various Electrical Cables.Cabcon Techgnologies Manufacuring being Control & Istrumentation, located in Benoni, Screened and Unscreened Cables.Cabcon Technologies also import varoius cable such as Coaxial Cables; Lan Cables and Special Cables. We believe these trends will only continue over time, and we are excited to harness our combined capabilities to accelerate new designs and roadmaps for our customers. -- MKS Instruments, Inc.(NASDAQ: MKSI) ("MKS"), a global provider of technologies that enable advanced processes and improve productivity, today announced that it has entered into a definitive agreement pursuant to which MKS will acquire Photon Control Inc. (TSX:PHO) for CAD$3.60 per share, in an all-cash transaction valued at approximately CAD$387 million, with an estimated enterprise value of CAD$343 million. ANDOVER, Mass., May 10, 2021 - (GLOBE NEWSWIRE) - MKS Instruments, Inc. (NASDAQ: MKSI) ('MKS'), a global provider of technologies that enable advanced processes and improve productivity, today announced that it has entered into a definitive agreement pursuant to which MKS will acquire Photon Control Inc. (TSX:PHO) for CAD$3.60 per share, in an a. Founded: 1988, New Job Listings Posted By This Company This has also resulted in a more than 60% decrease in the size of the lines and spaces, as well as the diameters of the vias. By checking this box, you agree to receive our newsletters, announcements, and marketing offers in accordance with ourprivacy policy. Following the deal announcement, Rosenblatt Securities analyst Scott Graham maintained the stocks price target of $265 (44.5% upside potential) and a Buy rating. ANDOVER, Mass., May 10, 2021 -- (GLOBE NEWSWIRE) -- MKS Instruments, Inc. (NASDAQ: MKSI) ("MKS"), a global provider of technologies that enable advanced processes and improve productivity, today announced that it has entered into a definitive agreement pursuant to which MKS will acquire Photon Control Inc. (TSX:PHO) for CAD$3.60 per share, in an. MKS products are derived from its core competencies in pressure measurement and control, flow measurement and control, gas and vapor delivery, gas composition analysis, electronic control technology, reactive gas generation and delivery, power generation and delivery, vacuum technology, lasers, photonics, optics, precision motion control, vibration control and laser-based manufacturing systems solutions. The completion of the Arrangement is not subject to any financing condition. Photon Control Inc.'s high-quality products provide industry-leading accuracy, reliability and quality in the most extreme conditions and are backed by a team of experts providing a variety of on-site and remote services including custom design, installation, training and support. Additional information regarding the Arrangement and the procedure for exchange of Shares for the Consideration and payment of Consideration to optionholders is provided in the Companys management information circular in respect of the Meeting dated May 25, 2021, a copy of which is available on SEDAR under the Companys profile at www.sedar.com. MKS Instruments ( MKSI) agreed to acquire Photon Control ( PHO) for approximately C$387 million. 100 Employees In BC (100 Total) Lee about the Atotech acquisition: The combined company will be better positioned to benefit from their respective capabilities to optimize the interplay between chemical processes and via drilling to help solve customer challenges on next-gen architectures. MKS Instruments to Acquire Photon Control | citybiz padding-left: 0px; These items are uncertain, depend on various factors, and could have a material impact on U.S. GAAP reported results for the relevant period. Post the closure of the deal, the Photon Control buyout is expected to be accretive to the companys adjusted net earnings within the first year of operations. The roadmap for next generation interconnects continues to accelerate the need for more integrated solutions that enable yield and throughput gains. Photon Control's Board of Directors established a Special Committee of independent directors to oversee the transaction discussions and the Arrangement. ANDOVER, Mass., May 10, 2021 (GLOBE NEWSWIRE) MKS Instruments, Inc. (NASDAQ: MKSI), a global provider of technologies that enable advanced processes and improve productivity, today announced that it has entered into a definitive agreement pursuant to which MKS will acquire Photon Control Inc. (TSX: PHO ) for CAD$3.60 per share, in an all-cash . MKS Adds Optical Sensor Tech with Photon Control Acquisition Greenhill & Co. is acting as financial advisor and Stikeman Elliott is acting as legal advisor to MKS. No, there are no changes to the current product offerings or long-term product roadmaps on day one. After careful deliberation, the Special Committee and the Company's Board of Directors have unanimously concluded that the Transaction is fair to the Company's securityholders from a financial point of view and is in the best interests of the Company and its employees.". MKS Instruments Announces Agreement to Acquire Photon Control MKS Instruments Acquires Photon For C$387M, Boost Technology Solutions 2023 MKS Instruments. Stockhouse.com uses cookies on this site. The Companys forward-looking statements are based on beliefs, expectations, and opinions of management on the date the statements are made. Quarterly revenue of $18.0 million (Q120: $17.3m, Q420: $14.9m); Investment into Research and Development in the quarter of $2.0 million or 11% of revenue (Q120: $1.3m or 8%, Q420: $1.8m or 12%); Adjusted EBITDA1 of $5.0 million or 28% of revenue (Q120: $7.0m or 40%, Q420: $3.7m or 25%); Net income for the quarter was $3.0 million (Q120: $6.6m, Q420: $1.2m); Basic earnings per share of $0.03 (Q120: $0.06, Q420: $0.02); Gross margin of 58% (Q120: 61%, Q420: 55%); and, Cash and cash equivalents of $44.2 million at March 31, 2021. Richmond, BC MKS Instruments announces agreement to acquire Photon Control - optics Registered shareholders of the Company should send their completed and executed letters of transmittal and share certificates or DRS Advices evidencing ownership of Shares to the depositary, Computershare Investor Services Inc., as soon as possible in order to receive the Consideration to which they are entitled. For the reasons set forth above, readers should not place undue reliance on forward-looking statements. Photon Control. These products improve performance and enable innovation for our customers and are used in the semiconductor and other high technology industries. Ltd. (B.C. With functional and decorative surface finishing, MKS will extend its product offering for industrial applications and grow its market reach. VANCOUVER, British Columbia, July 15, 2021 (GLOBE NEWSWIRE) -- Photon Control Inc. (" Photon Control " or the " Company ") (TSX: PHO), a leading developer and supplier of optical. As a result of the Arrangement, Photon Control has become a wholly-owned subsidiary of B.C. 2023 MKS Instruments. 100 Employees In BC (100 Total) 2169. Our products are derived from our core competencies in pressure measurement and control, flow measurement and control, gas and vapor delivery, gas composition analysis, electronic control technology, reactive gas generation and delivery, power generation and delivery, vacuum technology, lasers, photonics, optics, precision motion control, vibration control and laser-based manufacturing systems solutions. Such forward-looking statements concern the business of the Company and the timing for delisting of the Shares from the TSX. PHOTON TECHNOLOGIES South African company. Following the announcement, shares of MKSI fell by as much as 4.8%, while shares of PHO spiked 16.7% on May 10. Additional information about the Company can be found at www.photoncontrol.com/investors/. "We believe the Photon Control acquisition will help us deliver on one of our long-term strategic objectives, which is to broaden our portfolio of key technologies to better serve our customers," said MKS President and CEO John T.C. JavaScript is, A management information circular relating to the annual and special meeting of securityholders of, Financial Statements and Management's Discussion and Analysis, Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward-looking statements, including, without limitation: risks related to the completion of the Transaction, including the failure to obtain securityholder or Court approvals in connection with the Transaction; uncertainties relating to the market for the Company's products and maintaining a stable level of orders; fluctuations in revenue as a result of volatility in the markets and product mix; risks relating to the Company's present reliance on its major customers for the majority of its sales; risks relating to the Company's reliance on the financial health of and timing of cycles in the semiconductor industry; risks relating to the development of competing technologies and the possibility of increased competition; the effect of slow growth in the United States, the Company's principal market, as well as other economies and other economic trends and conditions in the markets that the Company and its customers serve; risks associated with the spread of the COVID-19 virus; risks associated with the adverse impact of climate change; risks associated with technical difficulties or delays in product introductions, improvements, implementation; uncertainties in product pricing or other initiatives of the Company and its competitors; uncertainties in factors that may result in a reduction in capital expenditures and/or delayed buying decisions affecting demand for the Company's products; risks relating to currency fluctuations, particularly between the Canadian and United States dollars; risks in pursuing additional development projects to support existing customers or pursue other business opportunities; and such other risks as are identified in the Company's Annual Information Form and other disclosure documents filed on SEDAR at, (Updates from all selected companies are combined and sent in a single email), Registration on or use of this website constitutes acceptance of our, Advertise Event in T-Net Direct Newsletter, All Industry Suppliers (To Local Tech Industry), BC Technology Industry Association (BCTIA), Information & Communications Technologies, BC's Top 100 Tech Companies (By # of Employees), BC's Top 100 Tech Companies (By Revenues), Other Major Tech Employers (HQ Outside BC), BC's Top 20 Biotech/Life Sciences Companies, BC's Top 20 Infotech and Communications Companies, BC's Top 20 New Media and Gaming Companies, BC's Top 20 Wireless Technology Companies, BC's Top 20 Cleantech and Energy Companies, BC's Top 20 Other BC Tech Sector Companies, Photon Control shareholders to receive $3.60 per share in cash, representing an aggregate transaction value of approximately $387 million, The purchase price represents a premium of 26% to the 30-day volume weighted price of $2.87 per Photon Control common share, Photon Control's Board of Directors and its Special Committee of independent members of the Board unanimously recommend that Photon Control securityholders vote in favour of the Transaction, The Transaction is subject to customary closing conditions, including approval by Photon Control securityholders. Any statements that are not statements of historical fact (including statements containing the words will, projects, intends, believes, plans, anticipates, expects, estimates, forecasts, continues and similar expressions) shouldbe considered to beforward-looking statements. Choose products to compare anywhere you see 'Add to Compare' or 'Compare' options displayed. Weanticipate the acquisition will further advance the MKS strategy to enhance ourSurround the Chamberoffering by adding optical sensors for temperature control for critical etch and deposition applications in semiconductor wafer fabrication. Lee. Echelon Capital Markets is acting as financial advisor to Photon Control. Expands Technology Solutions for Key Customers in Semiconductor Market Acquiring a Leader in Optical Sensors for Temperature Control used in Semiconductor Wafer Fabrication Enhances the MKS Surround the Chamber Portfolio ANDOVER, Mass., May 10, 2021 (GLOBE NEWSWIRE) -- MKS Instruments, Inc. (NASDAQ: MKSI) ("MKS"), a global provider of technologies that enable advanced processes and . We also have a dedicated staffed integration team to support a formal and healthy integration. Please Send me an Email Alert (With All of My Company Updates) On The Following Dates: .wrapme3 { MKS Instruments Acquires Photon For C$387M, Boost Technology - Nasdaq Highlights for the first quarter ended March 31, 2021 were as follows: Total revenue for Q121 increased to $18.0 million (Q120: $17.3m, Q420: $14.9m) which represents a 4% increase over Q1 2020 and 21% from Q4 2020. These sensors are used in temperature control for critical etch and deposition applications in semiconductor wafer fabrication. 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