KLA-Tencor enters photovoltaic market with ICOS Vision Systems acquisition


KLA-Tencor Corporation has made a friendly acquire all shares in ICOS Vision Systems for approximately $465.8 million. ICOS’s primary business is inspection equipment for semiconductor packaging but has been successful in the more cost-conscious solar wafer inspection market at key processing steps.

In December 2007, ICOS received its largest single order to date for solar cell inspection equipment valued at €2.3 million with a Taiwanese PV cell manufacturer. ICOS stated at the time that it expected revenues within the PV market to grow rapidly in 2008 and expected revenues of between €16-20 million.

Anton De Proft, ICOS’s President and Chief Executive Officer, said, “I believe that combining the strengths of KLA-Tencor and ICOS would significantly increase our growth potential and provide remarkable resources for advanced technical development of our existing products and technologies. Both companies have highly complementary market positions, with no overlap in product lines.”

ICOS had revenues of €57.5 million for the nine months ended September 30, 2007.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Read Next

Subscribe to Newsletter

Upcoming Events

Solar Media Events
May 1, 2024
Dallas, Texas
Solar Media Events
May 21, 2024
Sydney, Australia