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Camtek acquires Semiconductor Engineering Laboratories (SELA)

Posted on: Fri, 13 Nov 2009 13:15:00 EST

Symbols: CAMT

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Nov 13, 2009 (Datamonitor Financial Deals Tracker via COMTEX) --
CAMT | Quote | Chart | News | PowerRating -- Camtek, Ltd. has acquired the entire share capital of Semiconductor Engineering Laboratories, Ltd. (SELA, Ltd.). Both the companies are based in Israel.

Camtek is a manufacturer of automated optical inspection (AOI) systems, while SELA is a manufacturer of automated manufacturing, inspection and analysis equipment for the semiconductor and optical components industries.

Announcement (September 24, 2009):

Camtek has signed an agreement to acquire the entire share capital of SELA.

As part of the consideration, Camtek will pay to SELA's shareholders contingent future payments in the aggregate of approximately $9.5 million, based on SELA's revenues. The transaction is expected to be completed during the fourth quarter of 2009.

Deal Value (US$ Million) 9.5
Deal Type                Acquisition
Sub-Category             100% Acquisition
Deal Status              Completed: 2009-11-12

Deal Participants

Target (Company)   Semiconductor Engineering Laboratories, Ltd.
Acquirer (Company) Camtek, Ltd.

Deal Rationale

The acquisition will allow Camtek to strengthen its presence in the semiconductor market.

For full details on Camtek Ltd (CAMT) CAMT. Camtek Ltd (CAMT) has Short Term PowerRatings at TradingMarkets. Details on Camtek Ltd (CAMT) Short Term PowerRatings is available at This Link.

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