KLA-Tencor to acquire ADE Corp.

Feb. 24, 2006 — KLA-Tencor Corp. (NASDAQ: KLAC) and ADE Corp. (NASDAQ: ADEX) jointly announced that they have signed a definitive agreement for KLA-Tencor to acquire ADE in a stock-for-stock transaction valued at approximately $488 million based on the closing price of KLA-Tencor on February 22.

The combination would allow ADE to use the industry presence of KLA-Tencor to accelerate development of new products within the semiconductor device area, according to a prepared statement by Chris Koliopoulos, ADE’s CEO and president. He added that it would also provide ADE with access to a worldwide semiconductor customer base.

KLA-Tencor CEO Rick Wallace said the deal is in line with the company’s strategy to expand into adjacent markets with solid growth prospects.

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