Atlas Copco to acquire Ceres Technologies
By Keefe Borden18 March 2022
Atlas Copco plans to buy the assets of Ceres Technologies, Inc., a US-based manufacturer and designer of gas and vapor delivery equipment for the semiconductor industry. The price and terms of the acquisition were not disclosed.
The acquisition includes assets of two affiliates, North Park Metalworkers, Inc. and Peak Precision Technologies, Inc. In 2021 they had revenues of approximately USD 41mn (SEK 351mn). The acquired companies have around 185 employees.
Ceres Technologies was founded in 2011 and is located in the Hudson Valley, New York area. As well as providing gas and vapor delivery equipment Ceres also provides contract manufacturing of process tools for OEMs and research organizations, and engineering services for semiconductor and industrial customers.
North Park Metalworkers, Inc. produces welded enclosures, frames and machined parts, and is also located in the Hudson Valley, New York area. Peak Precision Technologies, Inc. supplies precision welded and brazed fabrications, and is located in Fort Collins, Colorado.
“Ceres provides critical sub systems for process tools that are complementary to Edwards’ vacuum and abatement solutions for the semiconductor industry,” said Geert Follens, business area president of vacuum technique. “This acquisition will allow us to expand our liquid chemical dispense offer globally through additional technology and know-how. The Ceres acquisition is also a valuable step forward in responding to the increased need to recycle and reuse gases in semiconductor process technology and improve sustainability in line with the industry’s environmental objectives.”
The acquisition is subject to regulatory approvals and is expected to close during the second quarter of 2022. The acquired business will operationally become part of the Semiconductor division within Atlas Copco’s Vacuum Technique business area.