Andover's MKS Instruments To Buy German Chemical Company Atotech

Andover MA

01 July, 2021

3:08 PM

Description

ANDOVER, MA — Andover-based semiconducter equipment company MKS Instruments is going to buy the German chemical company Atotech, the company said Thursday. MKS Instruments will spend $5.1 billion in cash and stock in the transaction, which it expects to close in late 2021, it said. The sale price represents a 10 percent premium on Atotech's stock price on June 10, when Reuters reported the potential sale, Reuters said. The deal is intended to expand MKS Instruments' chip manufacturing offerings, amid a global semiconductor shortage. Christopher Huffaker can be reached at 412-265-8353 or [email protected].