Hillsboro company makes $160M acquisition


FEI Co., an electron microscope company, buys California chip testing firm DCG systems.

Share this article!

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)

RELATED NEWS: How Oregon will survive the loss of HanjinTackling the CEO-worker pay gap

 


Published in Categories News