Plasma-Therm, the manufacturer of plasma etch, deposition, and advanced packaging equipment for the production of specialty semiconductor devices, announced today the successful acquisition of CORIAL, a France-based plasma processing equipment supplier.
â€śThis transaction is expected to produce significant cost savings from operational synergies while increasing the groupâ€™s top line revenue by leveraging the combined sales and service network. This acquisition enforces Plasma- Thermâ€™s commitment to the European market by further enhancing our support infrastructure for the European customer baseâ€ť stated Abdul Lateef, Plasma-Therm CEO. â€śWith this acquisition we take one more step in the execution of our vision of a Technology Center of Excellence and Research in the Grenoble ecosystemâ€ť further emphasized Abdul Lateef.
Thierry Lazerand, Plasma-Therm Director of Marketing said, â€śCORIAL is a strategic acquisition that strengthens our presence in the R&D market space and for all other markets requiring small footprint and technology-rich equipment. We are also excited about the addition of the experienced team of Engineers with differentiated know-how for product development. The combination will leverage Plasma-Thermâ€™s award-winning service, as recognized by the VLSIresearch Customer Satisfaction Surveyâ€ť.
â€śWe are excited to become a subsidiary of Plasma-Thermâ€ť, comments Andrei Uvarov, CORIALâ€™s Chief Research Officer. â€śIt is a great opportunity for CORIAL to consolidate its future and accelerate the development of innovative stand-alone equipment based on joined CORIAL and Plasma-Therm expertise and advance our commercialization initiatives globallyâ€ť.