Camtek to acquire FormFactor's FRT Metrology for $100M cash; Q4 2023 close

FORMFACTOR INC

Deal value $100M cash, subject to customary purchase price adjustments.
Expected to close in Q4 2023; German FDI clearance already obtained.
Camtek expects FRT to add ~10% to 2024 annual revenue and be accretive within 12 months.
FRT specializes in high-precision metrology for advanced packaging and SiC markets.
FormFactor acquired FRT in 2019; CEO says sale delivers robust return on investment.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

FORMFACTOR INC entered into Share Purchase Agreement with CAMTEK Ltd. valued at Purchase of all outstanding capital stock of FRT GmbH (effective 2023-09-17).

Action: entry
Agreement: asset purchase
Counterparty: CAMTEK Ltd.
Value: Purchase of all outstanding capital stock of FRT GmbH
Effective: 2023-09-17

Exact text from the filing

On September 17, 2023, FormFactor, Inc., a Delaware corporation (“FormFactor”) and its wholly owned subsidiary FormFactor GmbH, a limited liability company organized under the laws of Germany (“FF GmbH”), entered into a Share Purchase Agreement (the “Purchase Agreement”) with CAMTEK Ltd., a public limited company organized under the laws of Israel (“Camtek IL”) and Citus 49, GmbH (to be renamed Camtek Germay Holding GmbH), a limited liability company organized under the laws of Germany (“Camtek GER”).

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FORMFACTOR INC filing history →

Source: SEC EDGAR

accession 0001039399-23-000040

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