Nanometrics, Rudolph merge into new semiconductor equipment provider

Stockholders of Rudolph will receive 0.8042 shares of common stock of Nanometrics for every share they hold
California- headquartered Nanometrics Inc. has announced a merger with Rudolph Technologies, a leading provider of semiconductor process control systems. The merged company is aimed at becoming an established end-to-end inspection, metrology, lithography equipment and process control software provider for the semiconductor industry.
Pierre-Yves Lesaicherre, President and CEO, Nanometrics was quoted stating that the company has a history in product innovations in optical metrology and pioneered the use of scatterometry in semiconductor process control. In recent times the company has established a strong presence in optical critical dimension metrology, he said.
Supposedly, the proposed merger will ensure business growth, increased scale and diversification. The combination of global support organizations, expansive product portfolio and technology development teams will provide a unique, end-to-end solution across the semiconductor fabrication process.
Nanometrics and Rudolph will offer an improved device yield at a reduced manufacturing time and support the product life cycle in the semiconductor and numerous other developed markets, Lesaicherre added.
According to reliable sources, for each of their shares, the shareholders of Rudolph will receive 0.8042 shares of Nanometrics common stock. Michael Plisinski, CEO of Rudolph will serve as the CEO and Steven Roth, CFO, Rudolph will serve as the CFO of the combined company. The merged company will be headquartered in Massachusetts and will continue to maintain a strong presence at Nanometrics' headquarters in California.
Michael Plisinski, CEO, Rudolph reportedly stated that the merger will bring together two established and complementary teams and product portfolios.
Rudolph's current set of products have created an integrated solution for customers in advanced packaging markets. The customers are increasingly innovating throughout the value chain, from front-end fabrication to packaging. With two successful companies and their management coming together, the company will be able to solve high value problems of customers, Plisinski further commented.
Reportedly, the transaction is expected to close in the second half of 2019, while financials related to the deal had not been disclosed so far.