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This excerpt taken from the AMAT 10-K filed Dec 12, 2008. Business
Combinations and Equity-Method Investment
On January 31, 2008, Applied acquired all of the
outstanding shares of Baccini, a privately-held company based in
Italy, for a purchase price of $215 million in cash, net of
cash and marketable securities acquired. The acquired business
is a leading supplier of automated metallization and test
systems for manufacturing c-Si photovoltaic cells.
On November 9, 2007, Applied purchased from Edwards Vacuum,
Inc. certain assets of its Kachina semiconductor equipment parts
cleaning and refurbishment business for $19 million.
Table of Contents
On August 23, 2007, Applied acquired all of the outstanding
shares of Switzerland-based HCT for $463 million in cash,
net of cash acquired. The acquired business is the world’s
leading supplier of precision wafering systems used principally
in manufacturing c-Si substrates for the solar industry.
On March 30, 2007, Applied purchased Brooks Software for
$137 million in cash. The acquired business is a leading
provider of factory management and control software to the
semiconductor and flat panel display industries. Its products
complement Applied’s existing software applications and
enable Applied to offer customers a comprehensive computer
integrated manufacturing solution for optimizing fab operations.
On August 14, 2006, Applied’s wholly-owned subsidiary,
Metron Technology, Inc. (Metron), purchased certain parts
cleaning and recycling assets in Singapore from UMS Solutions
PTE Ltd. for $10 million. The acquisition enhanced the
Company’s capabilities in Southeast Asia to provide
advanced, high-quality parts cleaning services to support its
customers’ semiconductor manufacturing requirements.
On July 20, 2006, Applied and Dainippon Screen Mfg. Co.,
Ltd. (Screen) completed the formation of Sokudo Co., Ltd.
(Sokudo), a Japanese joint venture company, to deliver advanced
track solutions for customers’ critical semiconductor
manufacturing requirements. Track systems are a key part of
semiconductor manufacturing and are used before and after
photolithography to deposit, bake and develop the photoresist
layer that defines circuit patterns. Screen owns 52 percent
and holds the controlling interest in Sokudo, and Applied owns
48 percent of Sokudo. Screen transferred into Sokudo its
existing track business and related intellectual property,
including employees, products and its installed base of systems.
Applied paid $147 million for its investment in Sokudo.
Additionally, Applied contributed to Sokudo certain technology
and related intellectual property and has provided key
development employees. Screen performs manufacturing for Sokudo
under an outsourcing agreement.
On July 7, 2006, Applied completed its acquisition of
Applied Films, a leading supplier of thin film deposition
equipment used in manufacturing LCDs, solar cells, flexible
electronics and energy-efficient glass. Applied paid $28.50 per
share in cash for each outstanding share of Applied Films for a
total purchase price of approximately $484 million, or
$328 million net of Applied Films’ existing cash and
marketable securities. As part of the acquisition, Applied
assumed Applied Films’ outstanding stock options and
restricted stock unit awards that, at the acquisition date, had
a total fair value of $26 million, of which
$18 million was allocated to the purchase price and the
remainder to unearned compensation. Upon the acquisition and
subject to vesting, Applied Films stock options became
exercisable for shares of Applied common stock and Applied Films
restricted stock unit awards became payable in shares of Applied
common stock totaling, in the aggregate, three million shares of
Applied common stock.
On December 23, 2005, Applied acquired all of the
outstanding shares of ChemTrace Corporation and ChemTrace
Precision Cleaning, Inc. for $22 million in cash, net of
cash acquired, of which $18 million was paid upon closing.
This business provides customers with precision parts cleaning
and materials testing solutions.
For further details, see Note 12 of Notes to Consolidated
Financial Statements.
This excerpt taken from the AMAT 10-K filed Dec 14, 2007. Business
Combinations and Equity-Method Investment
On August 23, 2007, Applied acquired all of the outstanding
shares of Switzerland-based HCT for $463 million in cash,
net of cash acquired. HCT is the world’s leading supplier
of precision wafering systems used principally in manufacturing
c-Si substrates for the solar industry.
On March 30, 2007, Applied purchased Brooks Software for
$137 million in cash. Brooks Software is a leading provider
of factory management and control software to the semiconductor
and flat panel display industries. Its products complement
Applied’s existing software applications and enable Applied
to offer customers a comprehensive computer integrated
manufacturing solution for optimizing fab operations.
On August 14, 2006, Applied’s wholly-owned subsidiary,
Metron Technology, Inc. (Metron), purchased certain parts
cleaning and recycling assets in Singapore from UMS Solutions
PTE Ltd. for $10 million. The acquisition enhanced the
Company’s capabilities in Southeast Asia to provide
advanced, high-quality parts cleaning services to support its
customers’ semiconductor manufacturing requirements.
On July 20, 2006, Applied and Dainippon Screen Mfg. Co.,
Ltd. (Screen) completed the formation of Sokudo Co., Ltd.
(Sokudo), a Japanese joint venture company, to deliver advanced
track solutions for customers’ critical semiconductor
manufacturing requirements. Track systems are a key part of
semiconductor manufacturing and are used before and after
photolithography to deposit, bake and develop the photoresist
layer that defines circuit patterns. Screen owns 52 percent
and holds the controlling interest in Sokudo, and Applied owns
48 percent of Sokudo. Screen transferred into Sokudo its
existing track business and related intellectual property,
including employees, products and its installed base of systems.
Applied paid $147 million for its investment in Sokudo.
Additionally, Applied contributed to Sokudo certain technology
and related intellectual property and has provided key
development employees. Screen performs manufacturing for Sokudo
under an outsourcing agreement.
On July 7, 2006, Applied completed its acquisition of
Applied Films, a leading supplier of thin film deposition
equipment used in manufacturing LCDs, solar cells, flexible
electronics and energy-efficient glass. Applied paid $28.50 per
share in cash for each outstanding share of Applied Films for a
total purchase price of approximately $484 million, or
$328 million net of Applied Films’ existing cash and
marketable securities. As part of the acquisition, Applied
assumed Applied Films’ outstanding stock options and
restricted stock unit awards that, at the acquisition date, had
a total fair value of $26 million, of which
$18 million was allocated to the purchase price and the
remainder to unearned compensation. Upon the acquisition and
subject to vesting, Applied Films stock options became
exercisable for shares of Applied common stock and Applied Films
restricted stock unit awards became payable in shares of Applied
common stock totaling, in the aggregate, three million shares of
Applied common stock.
31
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On December 23, 2005, Applied acquired all of the
outstanding shares of ChemTrace Corporation and ChemTrace
Precision Cleaning, Inc. for $22 million in cash, net of
cash acquired, of which $18 million was paid upon closing.
This business provides customers with precision parts cleaning
and materials testing solutions.
On June 28, 2005, Applied purchased certain assets of SCP
Global Technology, Inc. (SCP), consisting of single-wafer,
HF-last immersion technology and Marangoni clean/dry
intellectual property, for approximately $24 million in
cash.
On December 16, 2004, Applied acquired the assets of ATMI,
Inc.’s Treatment Systems business (EcoSys), which supported
the gas abatement requirements of process equipment for
integrated circuit manufacturing and other industrial
applications, for approximately $16 million in cash.
On December 14, 2004, Applied acquired substantially all of
the operating subsidiaries and businesses of Metron Technology
N.V., a provider of a range of products and services for
fab-wide operations, for approximately $85 million in cash.
For further details, see Note 12 of Notes to Consolidated
Financial Statements.
This excerpt taken from the AMAT 10-K filed Dec 14, 2006. Business
Combinations and Equity-Method Investment
On August 14, 2006, Applied’s wholly-owned subsidiary,
Metron Technology, Inc., purchased certain parts cleaning and
recycling assets in Singapore from UMS Solutions for
$10 million. The acquisition enhances Metron’s
capabilities in Southeast Asia to provide advanced, high-quality
parts cleaning services to support its customers’
semiconductor manufacturing requirements.
On July 20, 2006, Applied and Dainippon Screen Mfg. Co.,
Ltd. (Screen) completed the formation of Sokudo Co., Ltd.
(Sokudo), a Japanese joint venture company, to deliver advanced
track solutions for customers’ critical semiconductor
manufacturing requirements. Track systems are a key part of
semiconductor manufacturing and are used before and after
photolithography to deposit, bake and develop the photoresist
layer that defines circuit patterns. Screen owns 52 percent
and holds the controlling interest in Sokudo, and Applied owns
48 percent of Sokudo. Screen transferred into Sokudo its
existing track business and related intellectual property,
including employees, products and its installed base of systems.
Applied paid $147 million for its investment in Sokudo.
Additionally, Applied contributed to Sokudo certain technology
and related intellectual property and will provide key
development employees. Screen performs manufacturing for Sokudo
under an outsourcing agreement.
On July 7, 2006, Applied completed its acquisition of
Applied Films, a leading supplier of thin film deposition
equipment used in manufacturing flat panel displays (FPDs),
solar cells, flexible electronics and energy-efficient glass.
Applied paid $28.50 per share in cash for each outstanding
share of Applied Films for a total purchase price of
approximately $484 million, or $328 million net of
Applied Films’ existing cash and marketable securities. As
part of the acquisition, Applied assumed Applied Films’
outstanding stock options and restricted stock awards that, at
the acquisition date, had a total fair value of
$26 million, of which $18 million was allocated to the
purchase price and the remainder to unearned compensation. Upon
the acquisition and subject to vesting, Applied Films stock
options became exercisable for shares of Applied common stock
and Applied Films restricted stock awards became payable in
shares of Applied common stock totaling, in the aggregate, three
million shares of Applied common stock.
On December 23, 2005, Applied acquired all of the
outstanding shares of ChemTrace Corporation and ChemTrace
Precision Cleaning, Inc. (collectively, ChemTrace) for
approximately $22 million in cash, net of cash acquired, of
which $18 million was paid upon closing. ChemTrace provides
customers with precision parts cleaning and materials testing
solutions.
On June 28, 2005, Applied purchased certain assets of SCP
Global Technology, Inc. (SCP), consisting of single-wafer
HF-last immersion technology and Marangoni clean/dry
intellectual property, for approximately $24 million in
cash.
On December 16, 2004, Applied acquired the assets of ATMI,
Inc.’s Treatment Systems business (EcoSys), which supports
the gas abatement requirements of process equipment for
semiconductor manufacturing and other industrial applications,
for approximately $16 million in cash.
On December 14, 2004, Applied acquired substantially all of
the operating subsidiaries and businesses of Metron Technology
N.V., a provider of a range of products and services for
fab-wide operations, for approximately $85 million in cash.
Table of Contents
On June 14, 2004, Applied acquired Torrex Equipment
Corporation, a developer of a multi-wafer system that utilizes
chemical vapor deposition and atomic layer deposition processes
to address front-end semiconductor manufacturing applications,
for $7 million in cash.
For further details, see Note 13 of Notes to Consolidated
Financial Statements.
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