II‑VI Incorporated Acquires EpiWorks and ANADIGICS for $110M

January 19, 2016

II‑VI Incorporated agreed to acquire EpiWorks, Inc. (approximately $43.0M, including a $6.0M earn‑out) and ANADIGICS, Inc. (approximately $61.0M) for a combined cash consideration of $110M to expand its epitaxial growth and 6‑inch GaAs wafer fabrication capacity. The deals are intended to accelerate II‑VI's VCSEL and semiconductor laser platform scale and will be financed with cash and borrowings; both transactions were expected to close within about 60 days.

Buyers
II‑VI Incorporated
Targets
EpiWorks, Inc., ANADIGICS, Inc.
Industry
Manufacturing
Location
United States
Transaction Type
Buyout

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