June 29, 2004 – Mattson Technology Inc. has signed a definitive agreement to acquire Vortek Industries Ltd., a privately held developer of millisecond flash annealing technology based in Vancouver, Canada.
Terms of the transaction, which will be accomplished through the exchange of stock, were not disclosed, according to a company report.
The acquisition, which is subject to the approval of Vortek’s securityholders and a Canadian court, and to customary closing conditions, is expected to be completed by the end of the third quarter of 2004.
The acquisition of Vortek will strengthen Mattson’s RTP product portfolio, said David L. Dutton, president and CEO of Mattson Technology in a company statement. Vortek’s Flashfire RTP system, which features the company’s patented arc lamp technology, improves thermal control for millisecond flash-assisted RTP annealing and meets advanced USJ anneal process requirements through the 32 nm regime.