NexTech Solutions and FAS Technologies have said that they plan to
merge in the current quarter in an effort to pool resources and expand
their customer base via current diverse sales channels.
“For manufacturers of semiconductors, flat panel displays, solar panels
and medical equipment, efficient handling, coating and inspection is
critical to ensure maximum surface integrity, reduced costs and higher
yields,” said NexTech President and CEO Tony DiNapoli. “The addition of
FAS’s expertise, patented products and market-proven technologies will
enable NexTech to expand its global customer base, address large,
fast-growing markets and offer more productive processing solutions for
current and next-generation products.”
“This merger is
strategic and beneficial for both companies,” stated Ted Snodgrass,
President and CEO of FAS. “We serve the same markets, have synergies in
sales and marketing and, by combining product development, have the
opportunity to offer exciting new solutions to customers.”
NexTech
offers products for automated calibration, inspection and handling of
advanced substrates for microelectronics applications. FAS supplies
extrusion coating technology for a broad range of applications
including liquid polymer films applied to glass used in flat panel
display as well as on silicon wafers and other substrates.