ASM COMPLETES ACQUISITION OF LPE

Almere, The Netherlands
October 03, 2022, 6.00 p.m. CET

ASM International (Euronext Amsterdam: ASM) immediately proclaims that it has accomplished the acquisition of LPE S.p.A., after having acquired regulatory approvals.

On July 18, 2022, ASM entered right into a definitive settlement beneath which it will at closing purchase the entire excellent shares of LPE, an Italian primarily based producer of epitaxial reactors for silicon carbide (SiC) and silicon. As introduced in our press launch of July 18, 2022, the transaction is financed with a mix of money, a conditional earn out, and 631,154 ASM shares (a mix of 580,000 treasury shares and 51,154 newly issued shares).

The acquisition has been accomplished immediately, and LPE is now a totally owned subsidiary and can function as a product unit beneath ASM’s Global Products group.

“This is an important milestone for ASM. We are excited to welcome LPE and its talented and experienced team into ASM,” mentioned Benjamin Loh, President and CEO of ASM. “Together with LPE we look forward to capturing many of the opportunities in the high-growth silicon carbide epitaxy market and to support our power electronics customers with innovative solutions, driving the further electrification of the automotive industry.”
“I believe ASM is the right partner for LPE, especially now looking at the growth we are seeing in the silicon carbide market. The global reach that ASM has with its entrenched supplier and customer networks will bring benefits to all stakeholders,” mentioned Franco Preti, who envisioned the silicon carbide alternative within the earliest phases and led LPE development as CEO till the acquisition.

LPE is worthwhile with margins in step with ASM’s 2021-2025 goal mannequin. As introduced earlier, LPE’s income is projected to develop to greater than €100 million in 2023, primarily pushed by its SiC epitaxy tools business. Based on ASM inner estimates, demand for SiC epitaxy tools is forecasted to develop at a CAGR in extra of 25% from 2021 to 2025, pushed by the quickly increasing marketplace for electrical autos.

About ASM International

ASM International N.V., headquartered in Almere, the Netherlands, and its subsidiaries design and manufacture tools and course of options to supply semiconductor units for wafer processing, and have amenities within the United States, Europe, and Asia. ASM International’s widespread inventory trades on the Euronext Amsterdam Stock Exchange (image ASM). For extra data, go to ASM’s web site at www.asm.com

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