Entegris, Inc., is all set to acquire SAES
Pure Gas business from SAES Getters S.p.A. As per the agreement, Entegris will
purchase the shares and assets for approximately USD 355 Million.
United
States: Entegris, Inc. provider of specialty chemicals and
advanced materials solutions, is all set to acquire the SAES Pure Gas business
from SAES Getters S.p.A, an advanced functional materials company headquartered
in Milan, Italy. As per the agreement, Entegris will purchase the shares and
assets for approximately USD 355 Million.
The SAES Pure Gas business, is
a leading provider of high-capacity gas purification systems which is majorly used
for semiconductor manufacturing. The company is based in California and will
report into the Micro-contamination Control division of Entegris.
The President and CEO of
Entegris believes that with the acquisition, customers will benefit from the
company’s complete portfolio of gas purifications solutions for bulk as well as
specialty gases. The acquisition will enable organic growth that leverage its global
business platform and broaden their technology portfolio.
The President of SAES Getters
S.p.A believes that Entegris was the ideal choice for its strategic move due to
its leadership in the semiconductor industry, the complementary nature of its
filtration and purification offerings, and its financial and operational
strengths.
According to a recent press
release issued by SAES Group, the SAES Pure Gas business recorded revenues of USD
91.5 million and an adjusted EBITDA of USD 33.1 million for its fiscal year
ended December 31st, 2017. For the Q1 of 2018, it has revenues of USD 31
Million, and an adjusted EBITDA of USD 9.6 Million. Entegris is looking to fund
the acquisition from its available cash and expects that the transaction will
be immediately accretive.
The closing of the
transaction depends on the completion of a pre-closing restructuring of certain
of SAES Group’s US legal entities and other customary closing conditions. The
transaction is expected to take two to four weeks.
According to TechSci Research, Entegris’s acquisition
of SAES Pure Gas business from SAES Getters S.p.A, is expected to have a
positive impact on the specialty gasses market globally, as the market will
witness robust growth. Specialty gases are produced for their use in various
end-user applications like electronics and semiconductors, analytical and
calibration, refrigeration, medical and healthcare, manufacturing and others as
they facilitate the production process by making increasing efficiency, along
with improving the product quality. Rising demand from developing economies
coupled with expanding metal & mining industry is expected to fuel the global
specialty gases market in the coming years.
According to the
recently published report by TechSci
Research, “Global Specialty Gases Market, By Application (Electronics & Semiconductor,
Analytical & Calibration, etc.), By Type (Pure Gases & Mixture Gases),
By Region (Asia-Pacific, North America, Europe, etc.), Competition Forecast and
Opportunities, 2012-2026”, Global specialty gases market is
forecast to surpass $ 14 billion by 2026. Anticipated growth is predominantly
attributed to the growing demand from developing nations due to rapid economic
development and high demand from various end user sectors. Moreover, rising
demand for specialty gases from growing metal & mining industry, electronics
& semiconductor industry, and other application segments like analytical
& calibration, refrigeration and medical & healthcare, are further
expected to drive the global specialty gases market. Besides these factors,
innovations in specialty gases manufacturing technologies and delivery
equipment is likely to aid the growth of global specialty gases market in the
coming years.Please follow our LinkedIn and Twitter pages to get live updates on market research insights and analysis.