CHASKA, MN — Entegris, Inc. has signed a letter of intent with semiconductor equipment manufacturer Nisso Engineering Co. (NSE) to acquire the NSE fluid handling product line.
Under the proposed deal, Entegris plans to purchase the complete interest of NSE’s component product lines including pumps, valves, fittings distribution rights of level sensors and other intellectual property right. The deal is contingent upon a number of conditions including the completion of due diligence, preparation of appropriate documentation and necessary approval.
“Nisso Engineering has been a valued, long-time Japanese business partner,” said Frank Sidell, president of Entegris’ fluid handling group. “The proposed acquisition of their fluid handling component product line fits well with Entegris’ strategy to increase our presence and market share in Taiwan and Japan.”
Entegris is a leading materials integrity management company providing products and services in the semiconductor, data storage, chemical processing, pharmaceutical, and other technology-driven industries.