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08. April 2015 | Finance News
AIXTRON SE / Key word(s): Mergers & Acquisitions/Acquisition AIXTRON acquires OLED encapsulation company PlasmaSi Group targets commercialization of novel thin-film encapsulation technology to enable cost-efficient manufacturing of OLEDs Herzogenrath/Germany, April 8, 2015 - AIXTRON SE (FSE: AIXA; NASDAQ: AIXG) a leading provider of deposition equipment to the semiconductor industry, today announced that it has acquired privately held Silicon Valley-based PlasmaSi, Inc. effective April 1, 2015. The purchase price may reach up to $16 million and will be paid in cash. PlasmaSi enables the encapsulation of organic thin-films by depositing ultra-thin and flexible barrier films through its proprietary technology which are particularly well-suited for next-generation OLED* (Organic Light Emitting Diode) display products including mobile phones, hand-held devices, tablets, wearables and large screen HDTV. While initially designed and targeted for those applications, PlasmaSi's technology can also be used to manufacture large area OLED lighting products as well as to address future opportunities in encapsulation markets. AIXTRON will integrate PlasmaSi's thin-film encapsulation process into its existing OLED cluster for customer demonstration purposes. "While increasingly expanding our business focus towards OLED in the coming years, we were looking to broaden our technology portfolio as well as to strengthen our customer access by adding PlasmaSi to our product portfolio", comments Martin Goetzeler, President and CEO of AIXTRON SE. "Thin-film encapsulation is an essential process step for OLED high volume manufacturing, specifically for flexible devices. In combining our OVPD technology with PlasmaSi's innovative approach, we will be able to add significant value in the production of flexible OLED applications." Adam Kablanian, CEO and Chairman of the Board of PlasmaSi, explained: "We are delighted that we have found a strong partner in AIXTRON, a company that has an impressive track record in the successful commercialization of deposition technologies in the semiconductor equipment industry. Therefore, joining forces with AIXTRON is the best option for us and we are now looking forward to take our technology to the next level together. Thereby, we will strongly benefit from AIXTRON's R&D and production capabilities as well as from its worldwide sales, service and support network." * Organic Light Emitting Diode (OLED): A light-emitting diode (LED) in which the emissive electroluminescent layer is a film of organic compound which emits light in response to an electric current. Contact: Guido Pickert About AIXTRON Our registered trademarks: AIXACT(R), AIXTRON(R), Atomic Level SolutionS(R), Close Coupled Showerhead(R), CRIUS(R), Gas Foil Rotation(R), OVPD(R), Planetary Reactor(R), PVPD(R), TriJet(R) For further information on AIXTRON (FSE: AIXA, ISIN DE000A0WMPJ6; NASDAQ: AIXG, ISIN US0096061041) please visit our website at: www.aixtron.com. About PlasmaSi Forward-Looking Statements 2015-04-08 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
Language: | English | |
Company: | AIXTRON SE | |
Dornkaulstraße 2 | ||
52134 Herzogenrath | ||
Germany | ||
Phone: | +49 (2407) 9030-0 | |
Fax: | +49 (2407) 9030-40 | |
E-mail: | invest@aixtron.com | |
Internet: | www.aixtron.com | |
ISIN: | DE000A0WMPJ6, US0096061041, DE000A14KS91 | |
WKN: | A0WMPJ, A0D82P, A14KS9 | |
Indices: | TecDAX | |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart; Terminbörse EUREX; Nasdaq | |
End of News | DGAP News-Service |
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Our registered trademarks: AIXACT®, AIXTRON®, Atomic Level Solutions®, Close Coupled Showerhead®, CRIUS®, EXP®, EPISON®, Gas Foil Rotation®, Optacap™, OVPD®, Planetary Reactor®, PVPD®, STExS®, Trijet®
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