Tegal to acquire Simplus Systems

Nov. 14, 2003 — Tegal Corp. signed a deal to buy Simplus Systems Corp., which develops Nano Layer Deposition (NLD) tools, according to a news release.

Petaluma, Calif.-based Tegal said Fremont, Calif.-based Simplus’ products complement Tegal’s plasma etch and deposition systems used to make integrated circuits. Terms of the deal, which is expected to close later this month, were not disclosed.

Tegal, listed on Nasdaq, closed Thursday at 1.70, up from 1.47 Wednesday.

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