January 26, 2006 – Nanometrics Inc., Milpitas, CA, is acquiring Accent Optical Technologies Inc., Bend, OR, in a stock deal worth approximately $80.9 million. The deal combines Nanometrics’ and Accent’s process control and metrology technologies.
Assimilating Accent will strengthen Nanometrics’ position in standalone metrology segments, particularly overlay metrology, “a market we are just beginning to penetrate,” as well as optical CD and non-metal thin film metrology, noted Heaton.
“Accent’s overlay, FTIR and wireless/high-brightness LED products are a tremendous complement to Nanometrics’ thin film and optical CD technology,” added Rhine.
The two companies had combined revenues of roughly $110 million for the twelve months ended in October. Nanometrics president and CEO John Heaton will retain those roles in the new company, with Accent chairman and CEO Bruce Rhine becoming chief strategy officer. Completion of the deal is expected in 1H06, pending both regulatory approval and nods from both companies’ shareholders.