Jan. 9, 2003 – Woodbury, NY and Hillsboro, OR – Veeco Instruments Inc. and FEI Co. have mutually terminated the merger agreement that they entered into on July 11, 2002.
Veeco and FEI have determined not to proceed with the merger due to the difficult overall market and economic conditions, and the uncertain timing of an industry recovery. Neither party will pay the other any termination fees or expenses.
Veeco is a worldwide provider of metrology tools and process equipment for the semiconductor, data storage, telecommunications/wireless, and scientific research markets. Its manufacturing and engineering facilities are located in New York, California, Colorado, Arizona, and Minnesota.
FEI is a supplier of structural process management solutions to semiconductor, data storage, structural biology, and industrial companies. Headquartered in Hillsboro, OR, FEI has additional development and manufacturing operations located in Peabody, MA; Sunnyvale, CA; Eindhoven, Netherlands; and Brno, Czech Republic.