Applied Materials Expands Nanomanufacturing Technology Solutions

To complement Applied Materials’ thin-film nanomanufacturing technology capabilities, the company will acquire Applied Films, which supplies thin film deposition equipment used in manufacturing flat panel displays, solar cells, flexible electronics and energy-efficient glass.

Under the terms of the agreement approved by both boards of directors, Applied Materials will pay $28.50 per share in cash for each outstanding share of Applied Films, which is a total purchase price of approximately $464 million. “In solar cell manufacturing, we expect to help customers deliver higher levels of output at lower production cost — a critical step to making alternative forms of clean energy more available and affordable,” said Mark Pinto, senior vice president and chief technical officer of Applied Materials. “By combining Applied Films’ existing platforms with Applied Materials’ broad process portfolio and global customer relationships, we can also accelerate a number of new applications for electronics on flexible substrates,” added Pinto. The companies expect to close during Applied Materials’ third fiscal quarter of 2006, pending customary closing conditions, approval of Applied Films’ shareholders and receipt of regulatory approvals.
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