Veeco turns focus to solar following sale of metrology business to Bruker

Facebook
Twitter
LinkedIn
Reddit
Email

Veeco Instruments has revealed the completion of the sale of its metrology business unit to Bruker, provider of high-performance solutions and scientific instruments for molecular and materials research. The US$229 million cash transaction has been approved by both companies’ boards, and will involve the transfer of Veeco’s global business – including its atomic force microscope (AFM) business in Santa Barbara, CA and its optical industrial metrology (OIM) business in Tucson, AZ – to Bruker, which will combine the new acquisition with its existing Bruker Nano instruments business.

The transaction is expected to be complete in the fourth quarter of 2010, pending regulatory review and adherence to customary closing conditions. The deal will also see Veeco hand over its associated global AFM/OIM field sales and support organization.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

Veeco’s intention is to focus more on its solar, LED and data storage businesses, which will each benefit from the sale of the metrology unit. Aftertax cash proceeds will amount to US$160 million, but further details and terms of the transaction were not disclosed. Citigroup Global Markets Inc. acted as exclusive financial advisor to Veeco for the transaction.

John R. Peeler, Veeco’s CEO, commented: “Following the sale of Metrology, Veeco expects to benefit from greater focus on and investment in our LED & Solar and Data Storage Process Equipment businesses. We believe the sale of Metrology will allow us to accelerate our progress developing new products, gaining share, and aligning with key customers in markets with large growth opportunities, including several “clean tech” markets. The sale is also expected to give us additional financial flexibility to pursue acquisitions and expand customer support for our growing Asia business.”

The Metrology business segment will be accounted for as a “discontinued operation”, effective from August 15th, 2010. The company expects 2010 revenues from continuing operations to reach approximately US$1 billion, about 90% of which will be from the LED and solar business segments.

Read Next

September 10, 2025
At RE+ 2025, companies launched AI-driven platforms, terrain-following trackers, low-carbon modules, and advanced energy management solutions for solar and storage.
Premium
September 10, 2025
PV Talk: Italy’s new CfD policy offers clear support for solar developers in an otherwise uncertain legislative landscape, says Terrawatt's Patrizio Donati.
September 10, 2025
A project claimed to be Germany’s largest agriPV plant has been commissioned in the north-east of the country.
September 10, 2025
Renewables developer rPlus Energies has secured US$100 million in tax equity financing for its 125MW solar PV plant in the US state of Idaho.
September 10, 2025
Indian solar module manufacturer Vikram Solar reported a 79.7% year-on-year increase in revenue for the first quarter of FY26.
September 10, 2025
Cordelio Power has started commercial operations at its 150MW Winfield solar project in Lincoln County, Missouri.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines