Kulicke & Soffa Industries Inc. closed the previously announced purchase of Alphasem, a supplier of die bonder equipment, from Dover Technologies International Inc., a subsidiary of Dover Corp. The purchase price was $27.1 M in cash, after a working capital adjustment and subject to further post closing adjustments. "We had identified die bonding equipment as a natural growth path for K&S," said Scott Kulicke, K&S chairman and chief executive officer. "The Alphasem purchase is the most attractive way for us to enter that market.
Alphasem has good position in the die bonder market, serving a wide range of applications. Their line of products fulfills the market needs for leading edge technology and cost efficient solutions across a variety of package types. This acquisition is a step forward in our strategy to extend our core products and technologies. K&S is enthusiastic about entering the die bonder market. We believe this acquisition will bring real value to the company and to our shareholders, as we expand the K&S role in the semiconductor assembly process."
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