FEI Co., an electron microscope company, buys California chip testing firm DCG systems.
BY JACOB PALMER | DIGITAL NEWS EDITOR
FEI Co., an electron microscope company, has bought California chip testing firm DCG systems for $160 million in cash.
The Hillsboro company indicated the acquisition would increase profitability in the future.
Also Tuesday, FEI reported $213 million in third-quarter sales, down 6.7 percent from a year ago. The company said the strong dollar and poor demand from the chip industry hurt revenues, which were below the company’s forecast range and down 6.7 percent from a year ago.
FEI’s profits totaled $10.4 million, 25 cents a share. That’s less than half what FEI posted a year ago, when profits were 51 cents a share.
FEI said the DCG deal will help it better serve the semiconductor industry by adding new tools to evaluate why chips fail.
(SOURCE: OregonLive.com)
The sale should close by the end of 2015.
“The acquisition of DCG expands FEI’s presence and capability in the semiconductor lab and enhances our ability to provide a complete workflow solution,” said FEI President and CEO Don Kania in a written statement. “The combination brings together leaders in physical and electrical failure analysis and will enable our customers to better connect workflows to improve time to data and efficiency.”
(SOURCE: Portland Business Journal)
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