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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