home  | feedback  | sitemap  | privacy policy  | support  | contact us
Infinite Menus, Copyright 2006, OpenCube Inc. All Rights Reserved.


 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 





Press Release

Asyst Technologies, Inc. Completes Acquisition of Advanced Machine Programming


Fremont, CA, February 2, 2001 -Asyst Technologies, Inc. (Nasdaq NM: ASYT), the world's largest semiconductor fab automation company, announced that it has completed its acquisition of Advanced Machine Programming (AMP, Morgan Hill, Calif.), effective February 1, 2001. AMP is a precision machining and assembly firm with revenues for the fiscal year ending September 30, 2000 of approximately $24 million. Asyst expects AMP to be an integral part of its pioneering automation foundry model aimed at semiconductor equipment manufacturers. AMP is now a wholly owned subsidiary of Asyst.

The acquisition was originally announced on December 7, 2000. Under the terms of the agreement, Asyst acquired AMP in a forward subsidiary merger, with merger consideration of $19 million in cash and $19 million in Asyst stock. Asyst also paid AMP shareholders an additional $1.7 million in cash as consideration for additional working capital in the business as of the closing date.

About Asyst
Asyst Technologies, Inc. is the leading provider of isolation and automation technologies that enable semiconductor makers to protect their valued assets throughout the manufacturing process while increasing manufacturing productivity. Through this "Value-Assured Fab" strategy, Asyst offers a broad range of 200mm and 300mm solutions that enable the safe transfer of wafers and information between the process equipment and the fab line throughout the IC fabrication process, preventing human, environmental, mechanical and chemical harm. Encompassing robotics, portals, wafer and reticle carriers, connectivity and interface products, and transport and loading products, Asyst's modular, interoperable solutions allow chipmakers and original equipment manufacturers (OEMs) to select and employ the value-assured, hands-off manufacturing capabilities that best suit their needs.

 


Copyright © 2005 Asyst Technologies, Inc.  All rights reserved.