---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-095307"
form_type: "8-K"
ticker: "ACLS"
cik: "0001113232"
company_name: "AXCELIS TECHNOLOGIES INC"
filed_at: "2025-10-01T23:59:59+00:00"
generated_at: "2026-05-17T05:02:49.332358+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Axcelis and Veeco merge in all-stock deal; 0.3575x, EV ~$4.4B, rev $1.7B

## Summary
- All-stock merger: Veeco shareholders receive 0.3575 Axcelis shares per VECO share; Axcelis stockholders own ~58.4% of combined company.
- Combined enterprise value approx. $4.4B; pro-forma FY2024 revenue $1.7B, non-GAAP gross margin 44%.
- Transaction expected to close in 2026; expected to be accretive to non-GAAP EPS within first year post-close.
- Combined company to have 11 directors; William J. Miller (Veeco CEO) to chair Technology Committee; HQ in Beverly, MA.
- Termination fees: $108.7M if Axcelis triggers recommendation change; $77.5M for Veeco; $15M fixed expense reimbursement.

## SEC filing metadata
- accession: 0001104659-25-095307
- form_type: 8-K
- ticker: ACLS
- cik: 0001113232
- company_name: AXCELIS TECHNOLOGIES INC
- filed_at: 2025-10-01T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1113232/000110465925095307/0001104659-25-095307-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1113232/000110465925095307/tm2527661d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-095307
- JSON: https://secwatch.observer/filing/0001104659-25-095307.json
- Plain text: https://secwatch.observer/filing/0001104659-25-095307.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.