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ESI Acquires New Wave Research For $36 Million

Friday, July 06, 2007 5:00:00 AM PDT | VentureDeal Staff

PORTLAND, OR -- Electronics manufacturing systems company Electro-Scientific Industries (Nasdaq: ESIO)  announced the acquisition of New Wave Research of Fremont, CA for $36 million in cash.

New Wave Research develops and manufactures laser-based systems and modules for the microelectronics and analytical instrumentation industries.  It's products are designed for applications in flat-panel display repair, semiconductor failure analysis and cutting patterns in semiconductors.

Electro-Scientific estimates that the acquisition will be accretive to earnings in its 2009 fiscal year.

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