Veeco buys NanoDevices’ AFM probe business

June 6, 2003 — Veeco Instruments Inc. has bought the atomic force microscope (AFM) probe business of NanoDevices Inc., according to a news release.

Veeco said the acquisition will help it provide customers with probes designed to boost the performance of its AFMs, as well as accelerate development of new products. Terms of the deal were not disclosed.

NanoDevices, based in Santa Barbara, Calif., describes itself as a leader in microcantilever probe technology and maker of the only turnkey nanotube growth system. It has worked with Veeco since its founding in 1998, the release said.

Veeco, based in Woodbury, N.Y., was trading on Nasdaq Friday morning near 21 cents a share, up from 20.35 Thursday.


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