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Hamamatsu Photonics buying US maker of advanced light sources

Deal will help Japan company meet demand from chip tester makers

HAMAMATSU, Japan -- Hamamatsu Photonics announced Friday that it will spend about 4.6 billion yen ($41 million) to acquire Energetiq Technology, a U.S. company that makes advanced light sources for semiconductor inspection equipment.

Hamamatsu Photonics currently supplies xenon lamps and mercury-xenon lamps to companies that manufacture equipment for inspecting the circuitry drawn on semiconductor wafers.

As circuits continue to become narrower with advances in semiconductor microfabrication techniques, makers of chip inspection equipment need light sources that can generate brighter light of shorter wavelength.

Purchasing Energetiq Technology will enable the Japanese maker of optical sensors and electric light sources to better meet this need by adding laser-driven and extreme-ultraviolet light sources to its menu of products.

The acquisition of the American company will be conducted through a so-called reverse triangular merger between Energetiq and a special-purpose unit set up by a U.S. subsidiary of Hamamatsu.

The parent will spend 4.62 billion yen to acquire all outstanding shares in Energetiq from that company's 95 shareholders. It will also spend 68 million yen in advisory fees on lawyers, accountants and the like.

The Japanese company said it intends to collaborate on technology development with the 39 management and employees at Energetiq.


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