Seeking Alpha

Orbotech to buy U.K.-based SPTS for $370M

  • Orbotech (ORBK) agrees to acquire U.K.-based microelectronics manufacturer SPTS Technologies from European P-E firm Bridgepoint and others for $370M.
  • ORBK says the deal will accelerate its growth and diversification strategy, and will expand its presence in Europe and North America and provide SPTS with a greater reach in the Pacific region, particularly in China.
  • ORBK expects the acquisition to be accretive to adjusted earnings immediately after closing.
From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector